vested estate

vested estate
vested estate see estate 1

Merriam-Webster’s Dictionary of Law. . 1996.

vested estate
n.
A property interest currently in someone’s possession or that will certainly come into his or her possession in the future, and therefore can be given away or sold by him or her.

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

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Look at other dictionaries:

  • vested estate — An absolute, unconditional, and indefeasible interest. 57 Am J1st Wills § 1230. An estate which is not contingent or expectant; an estate carrying a fixed right of present or future enjoyment. 28 Am J2d Est § 6. An estate which gives a certain… …   Ballentine's law dictionary

  • estate — es·tate /i stāt/ n [Anglo French estat, literally, state, condition, from Old French, from Latin status, from stare to stand] 1: the interest of a particular degree, nature, quality, or extent that one has in land or other property compare fee;… …   Law dictionary

  • vested — vest·ed / ves təd/ adj 1: fully and absolutely established as a right, benefit, or privilege: not dependent on any contingency or condition; specif: not subject to forfeiture if employment terminates before retirement vested pension benefits 2:… …   Law dictionary

  • first vested estate — Refers to first estate to vest in heirs after death of ancestor …   Black's law dictionary

  • first vested estate — Refers to first estate to vest in heirs after death of ancestor …   Black's law dictionary

  • 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

  • estate — The degree, quantity, nature, and extent of interest which a person has in real and personal property. An estate in lands, tenements, and hereditaments signifies such interest as the tenant has therein. 2 Bl.Comm. 103. The condition or… …   Black's law dictionary

  • estate — The degree, quantity, nature, and extent of interest which a person has in real and personal property. An estate in lands, tenements, and hereditaments signifies such interest as the tenant has therein. 2 Bl.Comm. 103. The condition or… …   Black's law 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

  • estate vested in possession — An estate whereof there is a right of present enjoyment. 28 Am J2d Est § 2. See vested estate …   Ballentine's law dictionary

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