vested Hear it!

vested definition - legal

n

An unconditional right of current or future enjoyment of title to and actual possession of property, whether personal or real. See also contingent.
vested estate
. See estate.
vested interest
A current right or title to possess a thing, even though the actual possession may not take place until sometime in the future.
vested remainder
A property in the estate of a deceased that is limited to a certain specified person, whose enjoyment of same may be deferred to some future time.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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