vet-er-uh n, ve-truh n
a person who has had long service or experience in an occupation, office, or the like:
-a person who has served in a military force, especially one who has fought in a war:
-a Vietnam veteran.
-experienced through long service or practice; having served for a long period:
of, pertaining to, or characteristic of veterans.
From Latin veterānus mature, experienced, equivalent to veter- (stem of vetus) old
TIP OF THE WEEK
U.S. military veterans can now save up to $69,062.50 on the SBA 7(a) loan guarantee fee.
SBA Policy Notice 5000-1319 declares that the SBA guarantee fee on SBA 7(a) loans is now reduced by 50% for small businesses that are 51% or more owned and controlled by a veteran.
PRIME RATE= 3.25%
SBA LIBOR Base Rate November 2014 = 3.16%
SBA Fixed Base Rate November 2014 = 5.28%
SBA 504 Loan Debenture Rate for October
The debenture rate is only 2.740% but note rate is 2.787% and the effective yield is 4.15%.
AHEAD OF THE YIELD CURVE
Veteran interest rate observers have noticed a flattening of the yield curve.
The slope of the yield curve—the difference between the yields on short- and long-term maturity bonds—has achieved some notoriety as a simple forecaster of economic growth. The rule of thumb is that an inverted yield curve (short rates above long rates) indicates a recession in about a year. More generally, a flat curve indicates weak growth and conversely, a steep curve indicates strong growth.