Gift,Gift,Gift,Gift,Gift,Gift,Gift,Gift,Gift,Gift,Gift,Gift,Gift,Gift,Gift,Gift,Gift,Gift,Gift,Gift,Gift,

A gift or a present is the transfer of something without the expectation of receiving something in return. Although gift-giving might involve an expectation of reciprocity, a gift is meant to be free. In many human societies, the act of mutually exchanging money, goods, etc. may contribute to social cohesion. Economists have elaborated the economics of gift-giving into the notion of a gift economy. By extension the term gift can refer to anything that makes the other happier or less sad, especially as a favor, including forgiveness and kindness.
The occasion may be:

• Expression of love (Valentine's Day) or friendship.
• Expression of gratitude for a gift received.
• Expression of piety, in the form of charity.
• Expression of solidarity, in the form of mutual aid.
• To share wealth.
• To offset misfortune.
• Offering travel souvenirs.
• Custom, on occasions (often celebrations) such as
  
  • A birthday (the person who has his or her birthday gives cake, etc. and/or receives gifts) This is most commonly from a family member or girlfriend/boyfriend.
  • A potlatch, in societies where status is associated with gift-giving rather than acquisition.
  • Christmas (People give each other gifts, often supposedly receiving them from Santa Claus.)
  • Saint Nicholas (People give each other gifts, often supposedly receiving them from Saint Nicholas.)
  • A wedding (the couple receives gifts and gives food and/or drinks at the wedding reception.)
  • A wedding anniversary (each spouse receives gifts.)
  • A funeral (visitors bring flowers, the relatives of the deceased give food and/or drinks after the ceremonial part.)
  • A birth (the baby receives gifts, or the mother receives a gift from the father known as a push present.)
  • Passing an examination (the student receives gifts.)
  • Father's Day (the father receives gifts.)
  • Mother's Day (the mother receives gifts.)
  • Exchange of gifts between a guest and a host, often a traditional practice.
  • Lagniappe.

Legal aspects of gifts

Main article: Gift (law)

At common law, for a gift to have legal effect, it was required that there be (1) intent by the donor to give a gift, and (2) delivery to the recipient of the item to be given as a gift. In some countries, certain types of gifts above a certain monetary amount are subject to taxation.
Gifts may also be from a wealthy person, hoping that someone will reflect their largess.