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Pronounced "ay-feez"; acronym for Army and Air Force Exchange Service. A military department store similar to Wal-Mart, Target, JC Penney, or the like. [Merchandise] varies from store to store, and many offer name-brand items lower than [the general] retail price. (E.g., Coach purses) AAFES also imposes no sales tax. This is to provide a benefit to service members and their families, many of whom are often underpaid when compared to their civilian [counterparts].
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