below-market loan
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 7872 — for purposes of this section
The term “below-market loan” means any loan if—
(A) in the case of a demand loan, interest is payable on the loan at a rate less than the applicable Federal rate, or
(B) in the case of a term loan, the amount loaned exceeds the present value of all payments due under the loan.