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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  • 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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  • Interest — The price paid for borrowing money. It is expressed as a percentage rate over a period of time and reflects the rate of exchange of present consumption for future consumption. Also, a share or title in property. The New York Times Financial… …   Financial and business terms

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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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