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A gift or present is the transfer of money, goods, etc., without the direct compensation that is involved in trade, although possibly involving a social expectation of reciprocity, or a return in the form of prestige or power. In many human societies, the act of mutually exchanging gifts contributes 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 more happy or less sad, especially as a favor, including forgiveness, and kindness (even when the other is not kind).

The occasion may be: *Expression of love 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) A potlatch, in societies where status is associated with gift-giving rather than acquisition. Christmas (people give each other ...

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