Your total enlistment period will be eight years, but you can serve as little as three or six years, and spend the remainder in IRR Individual Ready Reserve (IRR). IRR Soldiers don't train with a unit, but can still be called up in the event of an emergency.
Structured finance. Structured finance is a sector of finance that was created to help transfer risk using complex legal and corporate entities.
The culprit: so-called structured notes. Structured notes are bonds with set maturity dates that are paired up with derivatives such as options. Their performance can be tied to a range of underlying investments, including broad-market equity indexes such as the S&P 500, emerging-market currencies and commodities.