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FINDLAW LEGAL DICTIONARY

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Donation

donation n

1 : the making of an esp. charitable gift
2 in the civil law of Louisiana
: a voluntary transfer of ownership of property from one person to another compare sale

dis·guised donation
: a transfer of property (as a sale) that does not have a sufficient reciprocal consideration (as a proportional price) so that it is considered a gratuitous donation and must meet the statutory requirements for a donation (as a notarial act) to be valid called also donation in disguise compare simulation

donation in·ter vi·vos
[-in-tər-vī-vōs, -in-ter-vē-vōs]
: a donation that transfers property owned by the donor and that takes effect upon the donee's acceptance compare gift inter vivos at gift

donation mor·tis cau·sa
[-mȯr-tis-kȯ-zə, -mȯr-tēs-ka-sÄ ]
: a donation that is to take effect on the donor's death and that is revocable compare gift causa mortis at gift
3 : something that is transferred by a donation



Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.