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.
His next book, Conversations with the Enemy which was published in 1982, was a finalist for the Pulitzer Prize in 1983(Encyclopedia). Winston Groom moved back down south to Mobile, Alabama in 1985 and got to work on his best known novel, Forrest Gump. Winston Groom didnât become a best-selling author until about eight years later when the novel was made into a film.