Gift: Difference between revisions

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n. the voluntary transfer of property (including money) to another person completely free of payment or strings while both the giver and the recipient are still alive. Large gifts are subject to the gift tax.
v. t.) Anything given; anything voluntarily transferred by one person to another without compensation; a present; an offering.

Latest revision as of 09:23, 3 June 2024

v. t.) Anything given; anything voluntarily transferred by one person to another without compensation; a present; an offering.