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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 ?
Partitioning of the correlation coefficient in direct and indirect effects between the variables of the groups "YIELD", "Plant" and "Cladode" of IPA Sertania (IPA) Variable Effect DMY DMC CFB "Plant" Group PW Direct effect PW -- -- 0.
Using INDIRECT prevents you from having to individually write 1 50 different formulas in this case.
ABeam Consulting provides ABeam ICOS, a support tool for optimizing indirect expenses as a component of restructuring costs.
The research firm asked nearly a dozen credit unions if more than 50% of their auto loan growth came through indirect channels in 2008, 2009 and 2010, what they had done differently than their peers.
Therefore, Government should not levy more indirect taxes in upcoming budget of 2012-13 on consumers and other sectors of the economy and ensure an equitable and transparent taxation system, he maintained.
South West: 787 direct jobs, 535 indirect jobs EADS UK Ltd.
Recommendation: The Director of the Office of Management and Budget (OMB) should bring together federal, state, and local governments, and nonprofit representatives to propose ways to clarify and improve understanding of how indirect costs should be treated, particularly for grants passed through state and local governments to nonprofits by considering ways to help nonprofits improve their understanding and ability to better capture, categorize, report, and recover indirect and administrative costs.
Further, it noted that the taxpayer ignored the definition of indirect costs provided in Regs.
These indirect and long-term toxicity effects are of particular concern because these chemicals are stable and bioaccumulate; for example, musk xylene has a half-life of 70 days in human tissue (Riedel and Dekant 1999).
Reckson will retain a 25% indirect interest in these properties.

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