Intercompany loan

(redirected from Inter-Company Loan)

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.
Mentioned in ?
References in periodicals archive ?
2m, relates to an inter-company loan from Buy As You View Investments.
Filgate is an investment vehicle comprised of a series of inter-company loan balances.
8m interest-free, inter-company loan to the Reds via owners Fenway Sports Group.
Gibraltar recently introduced an amendment which, as of 1 July 2013, repeals the exemption for inter-company loan interest, whether from Gibraltar or abroad.
At this point Intellectual Property UK Ltd owed Greenfield International Ltd pounds 2,075,026, being investment capital and inter-company loan.
Following the delayed deal, Davomas will rely on own cash flows to refinance its outstanding notes instead of tapping an inter-company loan that would have been unconditionally covered by Uniflora.
If the German subsidiary loans money to the French subsidiary, they have now created an inter-company loan.
Saab Great Britain, which is now a wholly-owned subsidiary of Spyker, has given an inter-company loan to its parent, Spyker spokesman Mike Stainton explained to news agency Reuters.
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.

Full browser ?