A gift letter is a piece of legal, written correspondence explicitly stating that money received from a friend or relative is a gift. Gift letters are important when it comes to paying a real estate down payment, for example, because lenders tend to frown upon borrowers using additional borrowe...
gifting vs. giving a gift When did we stop “giving” presents, and instead started to “gift” presents? I was taught that “gift” was a noun and not a verb, but it appears it is now used as the preferred verb to indicate the giving of a gift. ...