What is the definition of imparts?

Imparts means "to give" and the term is generally used in a formal or legal sense.

Example sentences:

One share of stock imparts partial ownership in a corporation.

Her legal will imparts half of her estate to charity.

Sentences for a less-formal meaning; in this usage, it denotes a prestige to the giver:

The teacher imparts his knowledge of Biology to his students.

The old woman imparts her wisdom to younger people.