Vested Interest

July 16th, 2009 |

Author: 1203Broadway

A fixed right to receive an interest in property, whether now or in the future, which cannot be taken away and is not contingent upon the happening of any other event. This should be contrasted with a contingent interest, which may or may not vest upon the happening or occurrence of any particular event.

Posted in Terminology, Wills & Trusts

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