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Simple English definitions for legal terms

Crown loan

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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

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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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