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Definition of 'Crown Loan'
A loan with no set maturity date, These loans are typically made by a wealthy parent or grandparent to a lower income child or grandchild. They are named after Harry Crown, a Chicago industrialist, who first used this type of loan so the borrower could invest the loaned funds and pay less taxes on the income because they were in a lower tax bracket.
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Investopedia explains 'Crown Loan'
For many years, high-income individuals were able to make loans to lower-income individuals at zero-interest rates or significantly lower rates than those available elsewhere. The borrower could then invest the funds and pay little to no taxes on the earnings from the investment. In 1984, the U.S. Supreme Court finally caught on and ruled that these loans would be subject to gift taxes unless they were made at similar interest rates to the prevailing market rates.
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Search results for 'Crown Loan'
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http://www.investopedia.com/slide-show/diy-home-projects/install-crown-moldings.aspx
... 2. Install Crown Moldings. This task is surprisingly simple but adds a lot of character. ...
$30K HELOC, 4.59%, 4.59%. $30K Home Equity Loan, 5.74%, 5.75%. ...
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http://www.investopedia.com/articles/pf/07/dental-insurance.asp
... know that when you need a filling or a crown, you need it now - you won't be able
to find out you need a crown, buy insurance ... $30K Home Equity Loan, 5.74%, 5.77% ...
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http://www.investopedia.com/slide-show/top-bank-failures
... largest bank failures in US history, from the savings and loan crisis in ... largest
bank failure in US history, unceremoniously taking the crown from Continental ...
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http://financialedge.investopedia.com/financial-edge/1111/5-Most-Expensive-Diamonds-Ever-Auctioned.aspx
... This diamond has been passed down for generations, but was part of the Austrian
and the Bavarian Crown jewels before it was auctioned at Christie's London for ...
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http://financialedge.investopedia.com/financial-edge/1010/Quantitative-Easing-Explained.aspx
... Now that we've taken a trip down economic memory lane, let's crown the economic
buzzword for September and October of 2010: quantitative easing! ...
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http://financialedge.investopedia.com/financial-edge/1011/Top-12-Websites-For-Your-Financial-Edge.aspx
... annual percentage rate (APR), the true percentage cost of the loan, and the ... Search
for the procedure you need - fillings, crown, bridge work, teeth cleaning or ...
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http://financialedge.investopedia.com/financial-edge/1109/What-does-1000-per-month-rent-get-you-across-the-U.S.aspx
... The upscale apartments in The Seasons of Cherry Creek feature granite counter tops,
stainless steel appliances, crown molding, and Berber carpet. ...
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http://financialedge.investopedia.com/financial-edge/0711/Top-5-Most-Expensive-Celebrity-Weddings.aspx
... of Brunei, Al-Muhtadee Billah married 17-year-old Sarah Salleh in a weeklong ceremony
that included fireworks, 103 limousines, and a solid gold crown for the ...
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http://financialedge.investopedia.com/financial-edge/0710/The-Origins-Of-Common-Currency-Symbols.aspx
... Literally, "franc" translates to 100 centimes, the French equivalent of the word
"cent". The Swedish Krona Krona actually means "crown" in Swedish. ...
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http://financialedge.investopedia.com/financial-edge/1210/Water-Cooler-Finance-Canadian-Takeover-And-U.S.-Tax-Breaks.aspx
... be able to jump-start Chrysler Financial to generate exceptionally large loan growth
after ... to Dealogic rankings, Goldman Sachs is set to take the crown as the ...
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