### Question
How is the "gift loan" defined?


### Answer
The term **gift loan** is defined in *26 U.S.C. § 7872* as follows -

> any below-market loan where the forgoing 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**

