Categories
Investments glossary

Gift Letter

Spread the love
Quotes of the day:

Not all treasure is silver and gold, mate.

— Johnny Depp, Pirates of the Caribbean

A gift letter is written correspondence explicitly stating that money received from a friend or relative is a gift. Gift letters often come into play when a borrower has received assistance in making a down payment on a new home or other real estate property. Such letters state that the money received is not expected to be paid back in any way, shape or form.


We uses YouTube API Services.
Click to rate this post!
[Total: 0 Average: 0]

Leave a Reply