Search results
A vested interest is an absolute and secure right to property that does not depend on any conditions being met, while a contingent interest relies on certain events or conditions occurring before ownership can be established.
The meaning of VESTED INTEREST is an interest (such as a title to an estate) carrying a legal right of present or future enjoyment; specifically : a right vested in an employee under a pension plan. How to use vested interest in a sentence.
noun. 1. property law. an existing and disposable right to the immediate or future possession and enjoyment of property. 2. a strong personal concern in a state of affairs, system, etc, usually resulting in private gain. 3. a person or group that has such an interest. Collins English Dictionary. Copyright © HarperCollins Publishers.
1 lip 2024 · A vested interest refers to an individual's own stake in an investment or project, especially where a financial gain or loss is possible. In financial...
Vested interest. A beneficiary of a trust has a vested interest if he does not have to meet any conditions for his interest to take effect. The interest may be: Vested in possession, if it is a "present right to present enjoyment", such as an immediate right to income.
In the realm of law, a vested interest represents an unequivocal and immediate right or ownership, unencumbered by any condition precedent. Conversely, a contingent interest is contingent upon the fulfillment or non-fulfillment of a future event.
The term vested describes a right, interest, or title that is absolute, fixed, and not subject to being taken away or “divested.” When a right is vested, the person with the right has a guaranteed legal claim or entitlement that can be enforced now, in the future, or both.
