gift meaning

• Noun: gift  gift
  1. Something acquired without compensation 
  2. Natural abilities or qualities
     - endowment, talent, natural endowment 
  3. The act of giving
     - giving
  Verb: gift  gift
  1. Give qualities or abilities to
     - endow, indue, empower, invest, endue 
  2. Give as a present; make a gift of
     - give, present

  Derived forms: gifted, gifting, gifts

  Type of: acquisition, enable, natural ability, share-out, sharing

  Encyclopedia: Gift

• 
  [Business]
  noun, verb

  ■ noun [C]

  BUSINESS GIFT, FREE GIFT

  1

  a thing, an amount of money, etc. that you give to sb:

  We are not allowed to accept gifts from clients.

  Thank you for your generous gift.

  2 (Law )

  property or money that is given to sb and recognized as a present in law:

  She made a gift of her property to charity.

  3 (informal) [usually sing.]

  a thing that is very easy to do or cheap to buy:

  At €17 a share, this stock is a gift.

  ■ verb [+ obj]

  to give money or property to sb, especially in order to help them financially:

  The government had gifted the company more than $1 billion in loans and support.

  Gifting shares to a charity can be highly tax efficient.

• 
  [Economics]
  The transfer of an asset from one person to another for no consideration. Gifts have importance for tax purposes; if they are sufficiently large they may give rise to charges under inheritance tax if given within seven years prior to death.

  See:

  potentially exempt transfer.

• 
  [Finance]
  Property, money or asset that one person transfers to another while receiving nothing in return.

[Law]
n. A gratuitous transfer or grant of property. A legally valid gift must normally be effected by deed, by physical delivery in the case of chattels, or by donatiomortis causa; the donor must intend ownership to pass as a gift. However, an imperfect gift (i.e.one for which the legal formalities have not been observed) may be treated as valid in equity in certain circumstances (see, for example, (PROPRIETARY) ESTOPPEL). A gift by will takes effect only on the death of the testator.

• birthday gift:    Noun: birthday gif ...
• bride-gift:    Noun: bride-giftA ...
• business gift:    [Business]noun [C] ...

Examples

1. i send you this gift as a mark of esteem ..
2. the child has musical talent [a gift for music].
3. the young cheap-jack had got the gift of gab.
4. they pressed gifts on their benefactors.
5. we accepted a princely gift, sum.