### Question
How does the law define demand loan?


### Answer
Under *26 U.S.C. § 7872*, **demand loan** is defined as:

> any loan which is payable in full at any time on the demand of the lender

#### Citation:
  - *26 U.S.C. § 7872*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 80-GENERAL RULES > Subchapter C-Provisions Affecting More Than One Subtitle**

