gift letter


A letter provided to a lender or government agency acknowledging that money to be used, usually for a down payment, is a gift from a relative or friend and carries no obligation for repayment.

Use gift letter in a sentence

You should try and make sure that you make a good gift letter so the other party knows that you are serious.

​ Was this Helpful? YES  NO 8 people found this helpful.

I vent them a gift letter to let them know that it did not have any obligation to be repaid and everything was going to be okay.

​ Was this Helpful? YES  NO 2 people found this helpful.

When Randy was given $10,000 by his parents for a down payment on his house, he had a gift letter with him indicating that the money had been freely gifted.

​ Was this Helpful? YES  NO 6 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
gift deed gift of equity