- gift gift [gɪft] noun [countable]1. something given to someone on a special occasion or to thank them; = PRESENT:
• Sales of Christmas gifts are expected to grow about 20%.— gift adjective [only before a noun] :
• She has several years of experience in the gift business.2. MARKETING something given free of charge to a customer by an organization in return for buying their products or using their services:
• Your free gift will be sent to you once your first month's premium has been paid.3. LAW money or property given to someone with nothing expected in return. For a gift to be recognized by law, it must be clear that the giver intended to give it and that he or she did give it:
• Pension contributions or charitable gifts are deducted from pay for tax purposes.
• You might want to make a gift of your whole estate to your partner.1. TAX money given by a business to an organization that does not make a profit, such as a charity, on which the company receives tax relief:
• a guide to tax relief on business gifts to schools2. MARKETING a gift given by a company to a customer:
• Although business gifts aren't strictly speaking sales promotions, they broadly fall into that category.— see also deed of gift
* * *Ⅰ.gift UK US /gɪft/ noun [C]► something that is given as a present: »
Thousands of people bought the book as a Christmas gift.► something that you give without getting anything in return: »
You must convince the tax man that your gift is entirely for charitable purposes.→ See also BUSINESS GIFT(Cf. ↑business gift), FREE GIFT(Cf. ↑free gift)Ⅱ.gift UK US /ɡɪft/ verb [T]► to give something in an official or formal way: »
I gifted to my husband my 50 per cent share of the property.
Financial and business terms. 2012.