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.
1967 USS Forrestal fire. 1  A US Navy A-7 Corsair drops a load of Mark 83 bombs; the relentless bombing campaign had led to the Navy's stocks of Mark 83 bombs dwindling, and had forced on them the use of World War II surplus ordnance, often in poor condition, to maintain the punishing mission rate. In July 1967, a fire broke out on board the aircraft carrier USS Forrestal. An electrical anomaly had caused the discharge of a Zuni rocket on the flight deck, triggering a chain-reaction of explosions that killed 134 sailors and injured 161.