Vest
To give an immediate, fixed right of present or future enjoyment. Vested rights cannot be taken away without due process.
Encyclopedia entry: Vest
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vest
A right or an interest in property "vests" when it is secured. This means that the beneficiary of the right or property interest is certain to receive a specific amount, either now or in the future.
[Last reviewed in July of 2024 by the Wex Definitions Team
]
Wex
inheritances & estates
Encyclopedia content from Cornell LII Wex (CC-BY-NC-SA 2.5).
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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.