Temporary gifts, also known as loans, are a type of gift that is given with the expectation that it will be repaid at some point in the future. This type of gift is often used to help someone out in a time of need, such as when they are facing financial hardship or need to purchase something expensive. Loans can be given by family members, friends, or even financial institutions. They are usually given with an interest rate attached, and repayment terms must be agreed upon by both parties.