### Question
How is the term term loan defined?


### Answer
The term **term loan** is defined in *26 U.S.C. § 7872* as the following:

> any loan which is not a demand loan

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

