Post-9/11 GI Bill

Definition of 'Post-9/11 GI Bill'


A United States law that provides benefits to military veterans who have taken part in active duty service after September 11, 2001. To be eligible for the Post-9/11 G.I. Bill, an applicant must have served for at least 90 days and still be on active duty, or been honorably discharged or discharged for a disability related to serving. It was passed into law in 2008.

Investopedia explains 'Post-9/11 GI Bill'


This legislation, along with the original G.I. Bill (1944) and Montgomery G.I. Bill (1984), represent a continued effort by the U.S. government to provide benefits to veterans returning from duty. The original G.I. Bill was created in response to the failure of the U.S. government to provide benefits to veterans of WWI, the lack of which resulted in protests during the Great Depression.

The Post-9/11 G.I. bill provides funding for training, as well as tuition assistance to veterans. The Bill provides up to three years of benefits and can be used by a veteran up to 15 years after qualifying. An update to the Bill, The Post-9/11 Veterans Education Assistance Improvements Act of 2010, expanded eligibility to members of the National Guard and Active Guard and Reserve.



comments powered by Disqus
Hot Definitions
  1. Amplitude

    The difference in price from the midpoint of a trough to the midpoint of a peak of a security. Amplitude is positive when calculating a bullish retracement (when calculating from trough to peak) and negative when calculating a bearish retracement (when calculating from peak to trough).
  2. Ascending Triangle

    A bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trendlines. In an ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trendline connects a series of increasing troughs.
  3. National Best Bid and Offer - NBBO

    A term applying to the SEC requirement that brokers must guarantee customers the best available ask price when they buy securities and the best available bid price when they sell securities.
  4. Maintenance Margin

    The minimum amount of equity that must be maintained in a margin account. In the context of the NYSE and FINRA, after an investor has bought securities on margin, the minimum required level of margin is 25% of the total market value of the securities in the margin account.
  5. Leased Bank Guarantee

    A bank guarantee that is leased to a third party for a specific fee. The issuing bank will conduct due diligence on the creditworthiness of the customer looking to secure a bank guarantee, then lease a guarantee to that customer for a set amount of money and over a set period of time, typically less than two years.
  6. Degree Of Financial Leverage - DFL

    A ratio that measures the sensitivity of a company’s earnings per share (EPS) to fluctuations in its operating income, as a result of changes in its capital structure. Degree of Financial Leverage (DFL) measures the percentage change in EPS for a unit change in earnings before interest and taxes (EBIT).
Trading Center