When a person has a present, fixed right orinterest in property, even though he or she maynot have the right to possession until sometimein the future. For example, a remainderman’sinterest in property vests when it is granted, notwhen a life estate ends.

Merriam-Webster Online Dictionary
vested (adjective)
1.
fully and unconditionally guaranteed as a legal right, benefit, or privilege - the vested benefits of the pension plan
2.
having a vest - a vested suit
Merriam-Webster Online Thesaurus
« Back to Glossary Index
Exam Pass Guarantee

Risk Free Exam Pass Guarantee

We guarantee to help you pass the Real Estate Salesperson or Broker exams. And if you don’t pass we will refund you in full.