Beneficial Loan

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Definition: Beneficial Loan

Beneficial Loan

Quick Summary of Beneficial Loan

A loan made by an employer to an employee on which interest is either not charged or is less than the official rate. The difference between the interest charged and the official rate is taxable.

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https://payrollheaven.com/define/beneficial-loan/
Modern Language Association (MLA):
Beneficial Loan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/beneficial-loan/.
Chicago Manual of Style (CMS):
Beneficial Loan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/beneficial-loan/ (accessed: April 19, 2024).
American Psychological Association (APA):
Beneficial Loan. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/beneficial-loan/

Definition Sources

Definitions for Beneficial Loan are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th April, 2020 | 0 Views.