Government Security A government debt obligation (local or national) backed by the credit and taxing power of a country with very little risk of default. Investopedia Says: This includes short-term Treasury bills, medium-term Treasury notes, and long-term Treasury bonds. Related Terms: Default Flight To Quality Repurchase Agreement - Repo Risk-Free Asset Risk-Free Rate Of Return Sovereign Bond Treasury Automated Auction Processing System - TAAPS Treasury Bill - T-Bill Treasury Bond - T-Bond |