Crown Loan

Business, Legal & Accounting Glossary

Definition: Crown Loan


Crown Loan


Full Definition of Crown Loan


A type of demand loan where the lender is a high-income individual issuing debt to a low-income relative. Crown Loans were named after Henry Crown, who is the first known individual to have used this type of loan. In 1984, the US Supreme Court ruled that these demand loans would be subject to the market rate of interest or gift taxes because of the substantial tax benefits that they offered.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/crown-loan/
Modern Language Association (MLA):
Crown Loan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 29, 2024 https://payrollheaven.com/define/crown-loan/.
Chicago Manual of Style (CMS):
Crown Loan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/crown-loan/ (accessed: March 29, 2024).
American Psychological Association (APA):
Crown Loan. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/crown-loan/

Definition Sources


Definitions for Crown 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: 16th November, 2021 | 0 Views.