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During this exchange, the groom's family presents the bride's family with betrothal gifts (called 聘礼 or pìnlǐ) to symbolize prosperity and good luck. [3] Moreover, the bride's family receives the bride price (Chinese: 娉金; pinyin: pīng jīn; lit. 'abundant gold' [4]) in red envelopes.
The groom and a matchmaker will visit the bride's family bearing gifts like wedding cakes, sweetmeats and jewelry, as well as the bride price. On the actual wedding day, the bride's family will return a portion of the bride price (sometimes in the form of dowry) and a set of gifts as a goodwill gesture. Bride prices varies by eras, for instance ...
At common law, for a gift to have legal effect, it was required that there be (1) intent by the donor to give a gift, and (2) delivery to the recipient of the item to be given as a gift. In some countries, certain types of gifts above a certain monetary amount are subject to taxation. For the United States, see Gift tax in the United States.
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