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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 ?
Despite its size, the auditorium has retained a certain intimacy, enabling a direct and co-creative share in the production of music'.(6) Here is a long forgotten dimension of the relation of spectacle to spectators, one which captures some of the directness and complexity of the Greek experience.
Garfunkel's book on Graham has the forthright directness one associates with the thoroughly modern artist.
The absolute directness of feeling comes about through Rousseau's refusal--some would say inability--to meddle with his initial enchantment of the view before him.
And Robert Conn excelled in the part with sensitive directness and an engaging touch of youthful swagger, altogether an excellent partner to Kain.
I liked this Iranian film's directness, which is especially pleasurable given the intense indirection of most contemporary art.
When he did this in Glass Pieces, the walking had the directness of blank verse, while in 2 & 3 Part Inventions it has the stately flow of rhymed verse.
The ubiquitous monitors with their degraded pictures extended Godard's mandate in provocative directions, underscoring the directness with which such films as Numero Deux (1975) deploy sound and image to (sometimes strident) political ends, while adding a poignant smallness to diaristic endeavors like JLG/JLG.
Lucinda Childs's 1994 Trilogies (a New York premiere) looks odd, done with balletic port de bras instead of the emotionally neutral directness her own dancers would give it.
It's through precisely the hodgepodge of heterogeneous elements that Pernice achieves what he's after - a directness that overwhelms the observer in spite of, or maybe because of, the decidedly low-fi appearance.
It was obvious that the scale, energy, spontaneity, and directness were the main characteristics of this so-called noninstitute.
I think this directness is what's most important in Belgian art, including Magritte, who was no painter but a great artist nonetheless.
For all the performative aspects of Nan Goldin's Ballad of Sexual Dependency, there is no denying the directness of her appeal to the emotions.

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