### Question
What is the definition of gift loan?


### Answer
The definition of **gift loan** is as follows in *26 U.S.C. § 7872*:

> any below-market loan where the foregoing of interest is in the nature of a gift

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

