Here's how it works:
* "Gives naught" means that love doesn't give anything material or tangible. It doesn't require payment or reward.
* "Takes but itself" means that love only takes the person giving it, meaning it consumes them entirely, and they are changed by it.
The quote, therefore, describes love as a consuming force that demands complete surrender and offers no material gain. This concept is further reinforced by the poem's overall theme of universal love and connection.
While not a technical term, it encapsulates a central idea about love in Whitman's work and poetry in general.