These rules also apply to a term loan that is treated as a demand loan
because of the requirement that the employee perform future services to receive the loan (Prop.
In any event, the Service, in a Revenue Ruling published in 1973, extended the holding of the Blackburn to gift demand loans
For demand loans
with principal amounts that fluctuate during the year, the minimum interest rate is based on a month-by-month computation using the short-term applicable federal rate issued for each month.
A demand loan
is usually a short-term loan with no set repayment schedule.
A below-market loan fits into one of two categories: demand loan
or term loan.
Low interest rates can benefit taxpayers in many ways, including converting demand loans
to term loans and providing children with financing for major purchases.
Hemmeter, chairman, noted that the company's strong financial performance for the first quarter was the result of additional interest accrual on the majority of its demand loans
Interest on advances of a genuinely short-term nature (which would include demand loans
and fluctuating advances) is "short.
AMEX: RII) today announced that the company has made two temporary investment demand loans
The demand loans
had been scheduled to mature upon the earlier of demand or Dec.
AMEX: RII) today announced that the company has modified terms on three outstanding demand loans
Through April 1994, the mortgage-backed obligations have been periodically liquidated in order to allow RII to fund various demand loans
and make distributions to its shareholders.