diff --git a/man5/passwd.5 b/man5/passwd.5
index 13da04681..18a92afdc 100644
--- a/man5/passwd.5
+++ b/man5/passwd.5
@@ -99,7 +99,9 @@ information for the $IDENTcard.
 Not elegant."
 .TP
 .I directory
-the user's $HOME directory.
+the user's
+.B $HOME
+directory.
 .TP
 .I shell
 the program to run at login (if empty, use