Beneficial Loan

Business, Legal & Accounting Glossary

Definition: 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.



Cite Term


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Page URL
https://payrollheaven.com/define/beneficial-loan/
Modern Language Association (MLA):
Beneficial Loan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. March 08, 2021 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: March 08, 2021).
American Psychological Association (APA):
Beneficial Loan. PayrollHeaven.com. Retrieved March 08, 2021, 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 | 2 Views.