donation inter vivos

Definition of "donation inter vivos"
  1. A type of contribution where the property of the provider is transferred and becomes effective after the recipient's approval
How to use "donation inter vivos" in a sentence
  1. The wealthy man made a donation inter vivos of his mansion to the city's museum.
  2. The nonprofit organization was overjoyed to receive a significant donation inter vivos in the form of a building.
  3. Real estate can also be transferred under donation inter vivos, where the property becomes the receiver's once they accept it.

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