Financial Glossary: Donation


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Donation

Donation

Legal transaction by which a giver, while still living, transfers irrevocably, freely and without delay, the property of a good to a done who accepts it.

In France, a donation is generally certified by an act drawn up by a notary. A donation may take various forms, including Cash, services, new or used goods as i.e. clothing, toys, food, vehicles, emergency or humanitarian aid items, and can also relate to medical care needs as i.e. blood or organs for transplant. Charitable gifts of goods or services are also called gifts in kind.

Posted by EBD Group AG

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