- Noun: gift gift
- Something acquired without compensation
- Natural abilities or qualities
- endowment, talent, natural endowment
- The act of giving
- Give qualities or abilities to
- endow, indue, empower, invest, endue
- Give as a present; make a gift of
- give, present
Derived forms: gifted, gifting, gifts
■ noun [C]
BUSINESS GIFT, FREE GIFT
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.
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.
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.
Property, money or asset that one person transfers to another while receiving nothing in return.
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.
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- i send you this gift as a mark of esteem ..
- the child has musical talent [a gift for music].
- the young cheap-jack had got the gift of gab.
- they pressed gifts on their benefactors.
- we accepted a princely gift, sum.