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 by state law. See LOTTERY. [Blacks Law 8th]