Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

Crown loan

Read a random definition: depository

A quick definition of Crown loan:

A Crown loan is a type of loan where someone borrows money from a family member without having to pay interest. The borrowed money is invested, and any income earned from the investment is taxed at the borrower's rate. This type of loan is named after Harry Crown, who was one of the first people to use it. It is usually used by parents to help their children invest and save money.

A more thorough explanation:

Definition: A type of interest-free demand loan, usually from a parent to a child, in which the borrowed funds are invested and the income from the investment is taxed at the child's rate.

Example: Harry Crown of Chicago was one of the first persons to use this type of loan, hence the name "Crown Loan." For instance, a parent may lend their child $10,000 interest-free, and the child invests the money in stocks or bonds. If the investment earns $500 in interest, the child will be taxed on that income at their own tax rate, which is usually lower than the parent's tax rate.

Explanation: Crown loans are a way for parents to transfer wealth to their children while minimizing taxes. The loan is interest-free, so the child does not have to pay any interest to the parent. Instead, the child invests the money and earns income from the investment, which is taxed at their own tax rate. This type of loan is often used for educational expenses or to help children buy a home or start a business.

Crown land | cruel and abusive treatment

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
LSD+ is ad-free, with DMs, discounts, case briefs & more.