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While some people dread gift shopping, I thrive when it comes time to shop for the different people on my list. I love Christmas gift shopping, whether I’m trying to find a gift for my mother-in ...
A red envelope, red packet, hongbao or ang pau (traditional Chinese: 紅包; simplified Chinese: 红包; pinyin: hóngbāo; Pe̍h-ōe-jī: âng-pau) is a gift of money given during holidays or for special occasions such as weddings, graduations, and birthdays. [1]
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.
Hongbaos—red envelopes stuffed with money, now especially the red 100 RMB notes—are the usual gift from relatives and close family friends for most children. Gifts for adults on their birthday are much less common, although the birthday for each decade is a larger occasion that might prompt a large dinner and celebration.
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