Meaning

noun the period of time that is happening now; any continuous stretch of time including the moment of speech

noun something presented as a gift

noun a verb tense that expresses actions or states at the time of speaking

originFrom Middle English present, from Old French present, from Latin praesent-, praesens, present participle of praeesse (“to be present”), from Latin prae- (“pre-”) + esse (“to be”).

Etymology from Wiktionary, CC BY-SA 3.0