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Military discount . A discount offered to customers who are or were members of a military service. Types of military discounts include discounts for active-duty military, veterans, retired military personnel, and military spouses or dependents.
In finance, a coupon is the interest payment received by a bondholder from the date of issuance until the date of maturity of a bond . Coupons are normally described in terms of the "coupon rate", which is calculated by adding the sum of coupons paid per year and dividing it by the bond's face value. For example, if a bond has a face value of ...
To reduce profiteering from such currency arbitrage, the U.S. military devised the MPC program. MPC were paper money initially denominated in amounts of 5¢, 10¢, 25¢, 50¢, $1, $5, and $10. A $20 note was added in 1968, during US involvement in the Vietnam War.
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The public paid ¾ of the face value of a war bond and received the full face value back after a set number of years. This shifted their consumption from the war to postwar and allowed over 40% of GDP to go to military spending, with moderate inflation. Americans were challenged to put "at least 10% of every paycheck into Bonds".
The numbers of military personnel listed include both support personnel (supplies, construction, and contracting) and actual combat personnel. For a typical country, the proportion of this total that comprises actual combat forces is about 26% [ citation needed ] (so, for every soldier there will be around three support personnel).