[1] : The Collaborative International Dictionary of English v.0.48

gift \gift\, n. oe. gift, yift, yeft, as. gift, fr. gifan to
   give; akin to d.  g. gift, icel. gift, gipt, goth. gifts in
   comp.. see give, v. t.
   1. anything given; anything voluntarily transferred by one
      person to another without compensation; a present; an
      offering.
      1913 webster

            shall i receive by gift, what of my own, . . .
            i can command ?                       --milton.
      1913 webster

   2. the act, right, or power of giving or bestowing; as, the
      office is in the gift of the president.
      1913 webster

   3. a bribe; anything given to corrupt.
      1913 webster

            neither take a gift, for a gift doth blind the eyes
            of the wise.                          --deut. xvi.
                                                  19.
      1913 webster

   4. some exceptional inborn quality or characteristic; a
      striking or special talent or aptitude; power; faculty;
      as, the gift of wit; a gift for speaking.
      1913 webster

   5. law a voluntary transfer of real or personal property,
      without any consideration. it can be perfected only by
      deed, or in case of personal property, by an actual
      delivery of possession. --bouvier. --burrill.
      1913 webster

   gift rope naut, a rope extended to a boat for towing it;
      a guest rope.

   syn: present; donation; grant; largess; benefaction; boon;
        bounty; gratuity; endowment; talent; faculty.

   usage: gift, present, donation. these words, as here
          compared, denote something gratuitously imparted to
          another out of one's property. a gift is something
          given whether by a superior or an inferior, and is
          usually designed for the relief or benefit of him who
          receives it. a present is ordinarly from an equal or
          inferior, and is always intended as a compliment or
          expression of kindness. donation is a word of more
          dignity, denoting, properly, a gift of considerable
          value, and ordinarly a gift made either to some public
          institution, or to an individual on account of his
          services to the public; as, a donation to a hospital,
          a charitable society, or a minister.
          1913 webster
see also:
give gift rope gift present donation 

Gift >> G Words
Gift, definition of term: Gift
gift_pag1.html

Gift Wrapping >> G Words
Gift Wrapping, definition of term: Gift Wrapping
gift+wrapping_pag1.html

Gift Shop >> G Words
Gift Shop, definition of term: Gift Shop
gift+shop_pag1.html