business gift

business gift definition - business

business gift

The voluntary transfer without compensation of a good to a customer, supplier, or some other person or organization associated with a business. A business is permitted to deduct up to $25 in business gifts per year to any one taxpayer.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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