Definition: Definition: A polite expression used when acknowledging a gift, service, or compliment, or accepting or refusing an offer; thanks.
Inflect the verb THANK in agreement with subject-object order.
Other tips: If the movement is more than once or using both hands, it can express as "thank you so much." If using both hands plus twice movements or more, it can express as "many thanks", when one feels so appreciated. Thankful. It's not a black-and-white rule, it depends on contexts and intonation.
Gloss: WAVE-NO, THANK-YOU.
English equivalent: No, thank you.