Absolute Gift

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Definition of "Absolute Gift"

An absolute gift is a gift of property that gives the recipient complete possession and control over the property. Upon receipt of the gift, the recipient owns the property and may do whatever he/she wants with it (subject to local laws regarding the use of such property).

"Absolute Gift" is referred to in the following legal documents:

Last Will and Testament

See also:

Beneficiary

Bequeath

Conditional Gift