What is the translation of "inter vivos"?

The term "inter vivos" is a Latin phrase that translates to "among the living." It is commonly used in legal contexts, particularly in reference to transactions or gifts that occur while both the giver and the recipient are alive, as opposed to transfers that take effect after death, such as bequests made through a will. This specific meaning relates directly to the nature of the transaction, highlighting the distinction between actions conducted during life versus those occurring posthumously. Understanding this terminology is essential, particularly for professionals working in legal and transcription fields, where precise definitions are crucial for accurate documentation and interpretation of legal texts.