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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.

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 Neon Bible: English film diarist Terence Davies ("Distant Voices, Still Lives") directs an adaptation of a John Kennedy Toole novel about growing up in a religious Southern town.
The Birdcage: An American remake of "La Cage aux Folles," with Robin Williams and Nathan Lane as the gay couple trying to impress their son's uptight future in-laws (Gene Hackman and Dianne Wiest) Mike Nichols ("The Graduate," "Wolf") directs.
Government concerned with national security that has developed and demonstrated in our laboratory a novel internally developed directed energy weapon technology called LIPC, our technology controls and directs electrical energy down a laser created plasma channel to a specific target.
Sanchez directs its international operations out of its headquarters in Chester, U.
Nasdaq(R): SCAI), today announced it is processing the phone and Internet bank accounts for ING DIRECT USA, the Wilmington, Del.
The PSG Web site venture combines the personally relevant orientation of Planet Directs news, information and content service localized to over 150 cities across the U.
Since computing content is increasingly relevant to more and more Web users, ZDNet is sure to add great value to Planet Directs existing content selection, and become a favorite among their large and growing audience.
Additional information about Planet Directs parent company, CMG Information Services, can be found by visiting their corporate Web site at http://www.
Bringing Planet Directs content rich environment together with Erol's network access and focus on customer service represents a perfect partnership.