GIFTING CLUB

  gifting club.A type of pyramid scheme or Ponzi scheme in which recruits make “gifts” of money to other club members with the expectation that future recruits will make “gifts” to the present recruits. • Many gifting clubs limit membership to women. Club leaders usu. try to evade income-tax laws by claiming that the money…

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GIFT ENTERPRISE

gift enterprise. 1. A scheme for the distribution of items by chance among those who have purchased shares in the scheme. [Cases: Lotteries 3.C.J.S. Lotteries §§ 2–7, 11.] 2. A merchant’s scheme to increase sales without lowering prices by giving buyers tickets that carry a chance to win a prize. • Gift enterprises are regulated…

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GIFT

GIFT.abbr.GAMETE INTRAFALLOPIAN TRANSFER. gift,n.1. The voluntary transfer of property to another without compensation. [Cases: Gifts 1.] 2. A thing so transferred. — gift,vb. absolute gift.See inter vivos gift. anatomical gift.A testamentary donation of a bodily organ or organs, esp. for transplant or for medical research. • The procedures for making an anatomical gift are set…

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GIC

GIC. See guaranteed investment contract under INVESTMENT CONTRACT. [Blacks Law 8th]

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GIBBET

gibbet (jib-it), n. Hist. A post with one arm extending from the top, from which criminals are either executed by hanging or suspended after death as a warning to other potential offenders; a type of gallows. double gibbet.A gibbet with two arms extending from its top so that it resembles a capital “T.” [Blacks Law…

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GET

get,n.1. A rabbinical divorce; a Jewish divorce. 2. Under Jewish law, a document signed by a rabbi to grant a divorce. • Under Jewish law, a Jewish divorce can be obtained only after the husband has given the get to the wife, who must voluntarily accept it. — Also spelled gett. Pl. gittin.See rabbinical divorce…

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