government security

A security issued by a government, a government agency, or a government corporation; esp., a security (such as a Treasury bill) issued by a U.S. government agency, with the implied backing of Congress.

— Also termed government-agency security; agency security. [Cases: Securities Regulation 5.29; United States 91. C.J.S. Securities Regulation § 25; United States §§ 164, 167.]


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