below-market loan

(1) Below-market loan 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.


26 USC § 7872(e)(1)

Scoping language

For purposes of this section
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