Related Words

Gift Wrapped: When you’re shopping, you can often ask the salesclerk if they have a gift-wrapping service.

Tax-Free Gifts: Gifts that are free from federal gift taxes.

Uniform Gifts To Minors Act (UGMA): Under the UGMA, you as an adult can set up a custodial account for a minor and put assets such as cash, securities, and mutual funds into it. You pay no fees or charges to set up the account . . . View Full Definition

Wrapped Drywall: Areas that get complete drywall covering, as in the doorway openings of bifold and bipass closet doors.

Gift Tax: A gift tax is a tax on the combined total value of the taxable gifts you make that exceed your lifetime federal tax-exempt limit of $1 million. The tax is figured as a percentage of the valu . . . View Full Definition

Gift Splitting: A piece of property or asset given from one living person to another.

Gift: A very lucky result.

Gift Deed: A deed in which the consideration is love and affection. Because the deed is not supported by valuable consideration, the donee (recipient of the gift) may not be able to enforce against the . . . View Full Definition

Gift Inter Vivos: The illegal practice that one firm drives a stock's price higher or lower, while other conspiring firms follow its lead to influence up the price of the stock.

Federal Gift Tax: The interest rate that banks with excess reserves at a Federal Reserve district bank charge other banks that need overnight loans. The Fed funds rate, as it is called, often points to the di . . . View Full Definition