Copy attribute data from another Feature Class

[DeVelocity]

I have Point1 Featureclass and Line1 Featureclass in my project. how can i transfer "description" field attribute value from Line1 to my Point1 attribute field "line_description" ?

[DeVelocity]

sorry i just forget to describe. how can i transfer value based on nearest line ?

[RichardHowe]

Looking at your data screenshot there you just want a spatial join based on intersect. You may have to decide what to do in this instances where a point clearly intersects two lines though, as by your logic which would you consider to be "closest"?