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.
Related information about Crown Loan:
- Crown Loan Definition | Investopedia
A loan with no set maturity date, These loans are typically made by a wealthy parent or grandparent to a lower income child or grandchild. They are named after ...
- Crown Loan: Definition from Answers.com
Demand loan to the children or parents of the lenders. This device was named for Chicago industrialist Harry Crown, who first used it.
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Get directions, reviews, payment information on Crown Loan Payday Advance located at New Orleans, LA. Search for other Loans in New Orleans.
- What is Crown Loan? definition and meaning
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 ...
- DDA CROWN LOAN in New Orleans, Louisiana 70114 - NOLA.com
Locate DDA CROWN LOAN in New Orleans, Louisiana 70114 - 504-367-3367. Get phone numbers, driving directions, maps, review, comments and more.
- Crown Loan Robbed by James Koonce(1943)
The Crown Loan Corporation with offices in the Crown building, Flat River, was held up and robbed of $412.00 Tuesday afternoon by James Koonce of Flat ...
- Radio Prague - Czech government approves 38 billion crown loan ...
Jan 25, 2012 ... Czech government leaders on Wednesday agreed on the sum that the country would contribute to the European debt crisis scheme. Coalition ...