A gift, for now (7)
I believe the answer is:
present
I believe this is a double definition.
'a gift' is the first definition.
(I know that gift can be written as present)
'now' is the second definition.
(the present time)
'for' is the link.
(Other definitions for present that I've seen before include "See 12" , "Reveal < a gift" , "show" , "Serpent (anag.)" , "in a particular place" .)