Gift

gamete intrafallopian transfer   n.   Abbr. GIFT A technique of assisted reproduction in which eggs and sperm are inserted directly into a woman's fallopian tubes, where fertilization may occur.

Gift

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

Investopedia Commentary

If you receive a gift, you aren't required to report it as income.

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Skipping-Out on Probate Costs

See also: Asset, Estate, Estate Tax, Gift Tax, philanthropy

Main Entry: gift
Function: noun
1 : an intentional and gratuitous transfer of real or personal property by a donor with legal capacity who actually or constructively delivers the property to the donee with the intent of giving up dominion over the property and investing it in the donee who accepts it; broadly : a voluntary transfer of property without compensation —see also DELIVERY —compare DONATION, SALE

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class gift
: a usually testamentary gift of a sum to a group of unspecified persons whose number and identity and share of the gift will be determined sometime in the future (as at the death of the donor)
NOTE: A gift “to my children” that does not set out the children's names is a class gift.

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com·plet·ed gift
: a gift in which the dominion and control of the property is placed beyond the donor's reach
NOTE: Only completed gifts are subject to gift tax.

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gift cau·sa mor·tis
/-'ko-z&-'mor-tis, -'kau-sä-'mor-tEs/
; plural gifts causa mortis
: a gift of esp. personal property made in contemplation of impending death that is delivered with the intent that the gift take effect only in the event of the donor's death and that it be revoked in the event of survival —compare donation inter vivos and donation mortis causa at DONATION, GIFT INTER VIVOS and, TESTAMENTARY GIFT in this entry

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gift in·ter vi·vos
/-'in-t&r-'vI-vOs; -'in-ter-'vE-vOs, -'wE-wOs/
; plural gifts inter vivos
: a gift made during the lifetime of the donor and delivered with the intent of surrendering immediately and irrevocably dominion and control over the property —compare donation inter vivos at DONATION, GIFT CAUSA MORTIS and, TESTAMENTARY GIFT in this entry

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gift over
; plural gifts over
: a gift esp. by will of property that takes effect upon the termination or failure of a preceding estate (as a life estate) in the property

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manual gift
: a gift esp. under the civil law of Louisiana made of a movable corporeal object by actual delivery and involving no formalities

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split gift
: a gift made by a spouse to a third person that for purposes of gift tax may be considered as given one-half by each spouse to take advantage of tax avoidance devices (as the annual exclusion)

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sub·sti·tu·tion·al gift
/"s&b-st&-'tü-sh&-n&l-, -'tyü-/
: a gift to a legatee or devisee in substitution for another devisee or legatee who cannot take under the will (as because of death) called also substitute gift

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testamentary gift
: a gift that does not become effective until the death of the donor; specifically : a gift made in a will —compare GIFT CAUSA MORTIS and, GIFT INTER VIVOS in this entry
2 : something voluntarily transferred without compensation
3 : a transfer of property for less than adequate consideration other than in the ordinary course of business —used in the law of gift tax
NOTE: The amount by which the value of property so transferred exceeds the consideration paid is included in the total amount of taxable gifts made during a calendar year.

Main Entry: GIFT
Function: abbreviation
gamete intrafallopian transfer; gamete intrafallopian tube transfer

Gift

(1.) An gratuity (Prov. 19:6) to secure favour (18:16; 21:14), a thank-offering (Num. 18:11), or a dowry (Gen. 34:12). (2.) An oblation or proppitatory gift (2Sa 8:2,6; 1Ch 18:2,6; 2Ch 26:8; Ps. 45:12; 72:10). (3.) A bribe to a judge to obtain a favourable verdict (Ex. 23:8; Deut. 16:19). (4.) Simply a thing given (Matt. 7:11; Luke 11:13; Eph. 4:8); sacrifical (Matt. 5:23, 24; 8:4); eleemosynary (Luke 21:1); a gratuity (John 4:10; Acts 8:20). In Acts 2:38 the generic word dorea is rendered "gift." It differs from the charisma (1 Cor. 12:4) as denoting not miraculous powers but the working of a new spirit in men, and that spirit from God. The giving of presents entered largely into the affairs of common life in the East. The nature of the presents was as various as were the occasions: food (1 Sam. 9:7; 16:20), sheep and cattle (Gen. 32:13-15), gold (2 Sam. 18:11), jewels (Gen. 24:53), furniture, and vessels for eating and drinking (2 Sam. 17:28); delicacies, as spices, honey, etc. (1 Kings 10:25; 2 Kings 5: 22). The mode of presentation was with as much parade as possible: the presents were conveyed by the hands of servants (Judg. 3:18), or still better, on the backs of beasts of burden (2 Kings 8:9). The refusal of a present was regarded as a high indignity; and this constituted the aggravated insult noticed in Matt. 22:11, the marriage robe having been offered and refused.

gift

In addition to the idiom beginning with gift, also see look a gift horse in the mouth.

GIFT gamete intrafallopian tube transfer

gift

in law, a present or thing bestowed gratuitously. The term is generally restricted to mean gratuitous transfers inter vivos (among the living) of real or personal property. A valid gift requires: (1) a competent donor; (2) an eligible donee; (3) an existing identifiable thing or interest; (4) an intention to donate; (5) delivery; i.e., a transfer of possession to or for the donee and a relinquishment by the donor of ownership, control, and power to revoke (except in gifts mortis causa; i.e., those that are made by someone believing himself to be near death and that become final only if the giver dies); and (6) acceptance by the donee. Formal acceptance is necessary under French law, but Anglo-American law acknowledges implied acceptance

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