direct

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Direct

Informal for a debt security issued by the United States government, as opposed to one of its agencies. Perhaps the most prominent example of a direct security is a U.S. Treasury security. Direct securities are considered risk-free because they are guaranteed by the full faith and credit of the United States government.

direct (federal) government obligation

A debt that is backed by the full taxing power of the U.S. government. Direct obligations include Treasury bills, Treasury bonds, and U.S. savings bonds. These investments are generally considered to be of the very highest quality. See also federal agency security.
References in periodicals archive ?
The seamless integration of singers and dancers achieved by Morris in King Arthur suggests that he has already intuited the secret of directing opera: "I simply respond to the crashing emotional stuff that happens in the music."
In 1975, Kidder directed a medium length film, And Again, which did not gain commercial success; 15 years later she studied directing at the Canadian Film Centre.
The Court had little problem finding "nexus aplenty" by virtue of Holmes's ordering, paying for, and directing where the catalogs were sent, in addition to Holmes's substantial retail presence in the state.

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