Intercompany loan

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Intercompany loan

Loan made by one unit of a corporation to another unit of the same corporation.

Intercompany Loan

A loan in which both the lender and the borrower are divisions of the same corporation. Such a loan may have tax consequences, depending on the jurisdiction.
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References in periodicals archive ?
14,402 crore and inter-company loan from Vedanta Resources Plc of Rs.
of the Inter-Company Loan Account owed to the Company on completion,
8m interest-free, inter-company loan to the Reds via owners Fenway Sports Group.
At this point Intellectual Property UK Ltd owed Greenfield International Ltd pounds 2,075,026, being investment capital and inter-company loan.
If the German subsidiary loans money to the French subsidiary, they have now created an inter-company loan.
The accounts also show that during the January refinancing of the club, an inter-company loan of pounds 64m was made, seemingly to service the interest repayments incurred.
The losses relate primarily to the revaluation of inter-company receivables, large cash balances in non-CHF currencies held by Swiss BioSpin subsidiaries, and a short-term, inter-company loan from a Swiss to a German Bruker subsidiary that was used m part to finance the acquisition.
954(c)(6) can cause double counting of E&P for related CFCs that have inter-company loan transactions, if the CFC obligor accrues (but does not pay) related-party interest on the loan transaction (due to the interaction of the provision with Sec.
In March, Imco announced that it had revised its net earnings upward for the fourth quarter and all of 2003, adding the proceeds of an inter-company loan involving a German subsidiary.
The loan deal would be enabling UK general insurance entity of Aviva to resist the effect of a one in 200-year stress test without the need to call on the complex inter-company loan, stated Barrie Cornes, analyst at international stockbroker Panmure Gordon.
Any Microsoft support for Nokia would be more likely to take the form of an inter-company loan, or an equity stake, rather than a full takeover, a second banker said.
as at 31 December 2010) and the writing-off of the existing inter-company loan provided by Syndicate C.

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