gift definition

gift

Transfer of a good or property from one entity to another, without any money exchanging hands. Most firms have written rules for giving or taking of gifts by their officers and employees. Gifts of real property normally attract capital transfer tax (gift tax) or inheritance tax.

gift is in the Corporate, Commercial, & General Law subject.

gift appears in the definitions of the following terms: trade promotion, devisee, devise, corporation, redeem, planned giving, unilateral transfers, carryover basis value, private property, qualified terminable interest property trust (Q-TIP Trust) and

gift appears in the other terms: business gift, deed of gifts, gift in kind, gift tax, charitable gift annuity, gift over

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