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Gift
(redirected from Gift Exchange)

   Also found in: Medical, Legal, Encyclopedia, Wikipedia 0.03 sec.
Gift
A transfer of property from one person or entity to another without consideration or compensation. For income tax purposes, the words "gift" and "contribution" usually have separate meanings, the latter word being used in connection with contributions to charitable, religious, etc., organizations, whereas the word "gift" refers to transfers of money or property to individuals.


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79-96) objects (politely) to Stansell's reading of Genesis 23 as an attempted gift exchange that Abraham turns into a commercial exchange in order to avoid entering into a endless cycle of reciprocity.
There will be a potluck luncheon party and $10 gift exchange at the executive board meeting on Dec.
They did not have much money or time, and they needed to feel independent enough to reciprocate in gift exchanges.
 
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