Gift

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Gift

An asset of any kind that an individual transfers to another individual while neither receiving nor expecting anything in return. A gift one receives is taxable in the United States, but only if its value exceeds $13,000 (in 2009) and is not specifically excluded. For example, gifts between spouses are not taxable under any circumstances. See also: Estate, Gift Tax.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary
References in classic literature ?
First and always in considering any piece of literature a student should ask himself the question already implied: Does it present a true portrayal of life--of the permanent elements in all life and in human nature, of the life or thought of its own particular period, and (in most sorts of books) of the persons, real or imaginary, with whom it deals?
Another main question in judging any book concerns the union which it shows: (1) of the Intellectual faculty, that which enables the author to understand and control his material and present it with directness and clearness; and (2) of the Emotion, which gives warmth, enthusiasm, and appealing human power.
Jim had not yet seen his beautiful present. She held it out to him eagerly upon her open palm.
Their mutual relations will thus have been in some degree disturbed; consequently they will have been liable to modification; and this we find has been the case; for if we compare the present Alpine plants and animals of the several great European mountain-ranges, though very many of the species are identically the same, some present varieties, some are ranked as doubtful forms, and some few are distinct yet closely allied or representative species.
In illustrating what, as I believe, actually took place during the Glacial period, I assumed that at its commencement the arctic productions were as uniform round the polar regions as they are at the present day.
Other things, again, are both predicable of a subject and present in a subject.
There is, lastly, a class of things which are neither present in a subject nor predicable of a subject, such as the individual man or the individual horse.
1921; "Die mnemischen Empfindungen," Leipzig, l909), we will give the name of "mnemic phenomena" to those responses of an organism which, so far as hitherto observed facts are concerned, can only be brought under causal laws by including past occurrences in the history of the organism as part of the causes of the present response.
(present stimulus) and of the former occasion (past experience).
Several present, such as the Candy Man, the Rubber Bear, Tik-tok, and the Scarecrow, were not made so they could eat, and the Queen of Merryland contented herself with a small dish of sawdust; but these enjoyed the pomp and glitter of the gorgeous scene as much as did those who feasted.
"I went to my toy-cupboard," he said with a very sorrowful face, "to see if there were somefin fit for a present for oo!
And these pictures presented themselves to her so clearly and in such detail that they seemed now present, now past, and now future.