disguised donation

Definition of "disguised donation"
  1. A transfer of a property where the value received in return is not proportionate to the property's worth, making it essentially a generous gift. This transaction needs to meet the legal requirements for a gift, such as being documented in a formal legal act, to be valid
How to use "disguised donation" in a sentence
  1. The transfer of the mansion for the price of a small car could be considered a disguised donation.
  2. Selling an expensive painting for a price way below its market value might be seen as a disguised donation by legal authorities.
  3. The court found that the deal between the two parties was a disguised donation because the price was much lower than the actual value of the property.

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