ETYM Old Eng. gift, yift, yeft, AS. gift, from gifan to give; akin to Dutch and German gift, Icel. gift, gipt, Goth. gifts (in comp.). Related to Give. Something acquired without compensation.

1. Something presented as a gift
2. Any continuous stretch of time including the moment of speech; SYN. nowadays.
3. A verb tense that expresses actions or states at the time of speaking; SYN. present tense.
Temporal sense; intermediate between past and future; now existing or happening or in consideration