interest, vested

interest, vested
n.
A present interest in property that the owner is allowed to transfer in the present but might not be allowed to actually possess or enjoy until some time in the future.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

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Look at other dictionaries:

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  • interest in property — In the broader sense of the term, ownership of a particular property, whether of the full or a lesser interest. More precisely, a right in or to property which is less than ownership or title, 29A Am J Rev ed Ins § 825. A right less than an… …   Ballentine's law dictionary

  • interest — 1 / Intrist/ noun 1 FEELING (singular, uncountable) a feeling that makes you want to pay attention to something or to find out more about it: Ruth listened with evident interest. (+ in): They share an interest in poetry. | lose interest (=stop… …   Longman dictionary of contemporary English

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