Gift
/ˈɡɪft/
Definitions
- (n.) A voluntary transfer of property or assets without consideration, intending to confer a benefit on the recipient.
She made a gift of her antique jewelry to her niece.
- (v.) To voluntarily transfer property or assets to someone without receiving anything in return.
He gifted his shares to his children during his lifetime.
Forms
- gifts
- gifted
- gifting
Related terms
See also
Commentary
In legal contexts, a gift requires donative intent, delivery, and acceptance; distinguishing it from contracts which require consideration.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.