Glossary

adjusted gross income (AGI) Total gross income minus specific reductions allowed by the United States tax code.

allons Motto of the 11th Armored Cavalry Regiment (ACR), which means “Let’s Go” in French.

arsenal A stored collection of weapons or equipment.

asset allocation An investment strategy that balances risk and reward by distributing a portfolio across many different asset classes, including equities (stocks), fixed-income (bonds), cash, and others.

artillery Large-caliber guns used in land warfare.

B-hut A small, nonpermanent housing structure commonly used as shelter for troops in Afghanistan. They house about eight people and are often constructed with plywood. The name is rumored to come from the structure’s impermanence, referring to B-grade housing.

balloon payment A repayment of the outstanding principal sum made at the end of a loan period.

basic training An initial period of training for new military personnel that involves physical training and intense behavioral discipline.

Bernie Madoff A former stockbroker and financial advisor who was convicted of operating a Ponzi scheme that stole billions of dollars from his clients and is considered the largest financial fraud in U.S. history.

blivet A large bag of water.

bonds A debt security in which the issuer owes the holders and pays them back with interest and principal. It is a form of loan.

cadet An ROTC or military academy officer in training.

capital gains A profitable difference between the higher sale ...

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