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.
Riding at the head of the columnâs main body was 40-year-old Lieutenant Colonel Nathan Bedford Forrest. Tall and well-built, the Tennessee native had inherited the strength and vigor of his father, a blacksmith. Like the eager horsemen in his charge, Forrest itched for a fight.