Advance Rate. The percentage of the value of collateral that a lender uses to determine the amount of a loan. For example, if one pledges a collateral worth $10,000, and the advance rate is 90%, the lender will only extend $9000 in credit. This may protect the lender from risks, such as depreciation on the collateral.
The Vietnam War Through the Eyes of a Child. In Winston Groom's Forrest Gump, the main character, Forrest Gump is involved in the Vietnam War. In the novel, he is mentally challenged and he sees everything somewhat differently then another individual might.
James Forrestal. James Vincent Forrestal (February 15, 1892 â May 22, 1949) was the last Cabinet-level United States Secretary of the Navy and the first United States Secretary of Defense. Forrestal was a supporter of naval battle groups centered on aircraft carriers.