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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
One of the most important symbols on the directional signs is Q.
Directional Cyclostationarity of the Complex-Valued Signal.
The CR node consisted of a multi-band directional antenna connected to a commercial wideband transceiver USRP2 (universal software radio peripheral) from Ettus research lab [25], which was accessed with MATLAB for reconfiguration and baseband processing.
Assessment of a directional microphone array for hearing-impaired listeners.
Overall, 74% had a directional preference to their pain; they formed the study population.
Numerous published studies have shown that this mechanical assessment of directional preference in patients with LBP has strong interexaminer reliability.
Taxis can enter the racecourse by either entrance where they should follow directional signs.
The reason For the difference was simple, on surfaces with different Friction coefficients, the EHS system actively counter steers to maintain directional stability.
Public works people like the fact that directional drilling installs new pipe with minimal excavation.
Amca Hydraulic Fluid Power, a Dutch manufacturer of hydraulic proportional directional control valves, has developed an interactive CD-rom designed to allow users to configure their own valve blocks and to generate order codes for Amca directional control valves.
Because the word "placement" denotes a directional relationship implying that the rehabilitation counselor or professional retains the power to put individuals with disabilities into employment settings, the author suggests that the usage of the term "job placement" should be modified.
Midlands computer parts and services group, Computer Parts International, has merged its two software companies - Directional Software and Cyberphile - to form Directional Solutions Limited.

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