Business terms and jargon explained. Your business dictionary
What is Beneficial loan
This is where an employer makes a loan to the employee where there is no or less than the official rate of interest. The difference in the interest is the benefit to the employee, which is a taxable benefit.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.