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.
A fire on a United States Navy carrier stationed off the coast of Vietnam kills 134 service members on this day in 1967. The deadly fire on the USS Forrestal began with the accidental launch of a rocket. During the Vietnam War, the USS Forrestal was often stationed off the coast of North Vietnam, conducting combat operations.