Business and Personal Finance Dictionary

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• GIC - See: Guaranteed Investment Contract
  
  
• GIFT - In the context of mortgage banking, a gift is a bestowal of money that does not have to be repai...
  
  
• GIFT DEED - A deed in which the consideration is "love and affection." Because the deed is not supporte...
  
  
• GIFT ECONOMY - Economy based on the exchange of gifts. Anthropological research has shown a direct rela...
  
  
• GIFT FUNDS - Transfer of funds to assist with payment of closing costs and/or down payment. Investors t...
  
  
• GIFT INTER VIVOS - A piece of property or asset given from one living person to another.
  
  
• GIFT LETTER - A form stating that a relative is giving you money to help you buy a home, and that they ...
  
  
• GIFT OF EQUITY - A sale price below market value, where the difference is a gift from the sellers to th...
  
  
• GIFT SPLITTING - A technique used to avoid a gift tax in which a large sum of money to be given by two ...
  
  
• GIFT TAX - A gift you make to anybody other than your spouse is taxable if it's worth more than $10,000...