- An immediate fixed right of present or future enjoyment; an immediate right of present enjoyment, or a present fixed right of future enjoyment. 16 Am J2d Const L § 421; 28 Am J2d Est § 6. A right in the form of a title, legal or equitable, to the present or future enjoyment of property, or to the present or future enforcement of a demand, or a legal exemption from a demand made by another. Hagerty v Administrator, Unemployment Compensation Act, 137 Conn 129, 75 A2d 406, 20 ALR2d 960. The term includes title, legal or equitable, to the present or future enforcement of a demand or a legal exemption from a demand made by another, though it must be something more than such a mere expectation as may be based on an anticipated continuance of general laws. Massa v Mastri, 125 Conn 144, 3 A2d 839, 120 ALR 939. To be vested, a right must have become a title, legal or equitable, to the present or Future enjoyment of property, or to the present or future enforcement of a demand, or a legal exemption from a demand made by another. Hagerty v Administrator, Unemployment Compensation Act, 137 Conn 129, 75 A2d 406, 20 AI_R2d 960. See vested estate; vested interest.
Ballentine's law dictionary. Anderson, W.S.. 1998.
Look at other dictionaries:
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vested — Fixed; accrued; settled; absolute; complete. Having the character or given the rights of absolute ownership; not contingent; not subject to be defeated by a condition precedent. Rights are vested when right to enjoyment, present or prospective,… … Black's law dictionary
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Vested Interest — 1. The lawful right of an individual or entity to gain access to tangible or intangible property now or in the future. A vested interest is an entitled benefit, which can be conveyed to a separate party. There is usually a vesting period before… … Investment dictionary
vested interest — Synonyms and related words: Black Power, Italian vote, Jewish vote, Polish Power, White Power, absolute interest, appurtenance, authority, benefit, birthright, black vote, claim, common, conjugal right, contingent interest, demand, divine right,… … Moby Thesaurus
right — I adj. 1) right about (to be right about smt.) 2) right in (you were right in assuming that) 3) right to + inf. (it was right of her to refuse = she was right to refuse) 4) right that + clause (it s not right that they should be treated in that… … Combinatory dictionary
vested interest — A fixed right to the enjoyment of property in an ascertained person which is subject to no condition other than the termination of a precedent estate. Stevens v Carroll, 64 Or 417, 129 P 1044. An interest when vested, whether it entitles the… … Ballentine's law dictionary