Vest
A right or an interest in property "vests" when it is secured. This means that the beneficiary of the right or property interest is certain to receive a specific amount, either now or in the future.
Definition from Nolo’s Plain-English Law Dictionary
To give unconditional right to title or ownership. (See also: vested)
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:26 pm
