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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 ?
He said that the LCCI Classified Directory of Trade and Industry has been designed to help business entrepreneurs to know about the businesses.
The directory would prove an essential reference for every firm having business interests.
He maintained that the purpose of publishing a directory is to facilitate communication between citizens and artists.
Jasmine Directory makes it easy to get your business noticed by thousands of potential customers.
PeoplePlatform empowers you to create, update, and deprovision users and other objects in your directory. You can delegate provisioning, deprovisioning, and updates to other users via configurable web forms.
Information in the directory will be regularly updated by the TDAP on the basis of annual export data for future years and inputs received from stakeholders.
The directory is published as both a hardcover book and a CD-ROM.
As we have seen with the transitions from Siebel to SalesForce, Exchange to Gmail, and file servers to DropBox, JumpCloud is enabling the transition of one of the last on- premise technologies to a fully managed service: the user directory, says Rajat Bhargava, JumpCloud's President and CEO. Directory Call 01484 431111 to find more out Powered by about how your business would benefit
A directory syndication strategy leverages the way online directories work, with bigger directories providing information to smaller directories on a regular basis.
Further, the usefulness of the directory process goes beyond simply hoping that a client will spot your name in a ranking and pick up the phone.

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