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.
[Last reviewed in July of 2024 by the Wex Definitions Team ]
Wex
- PROPERTY
- property & real estate law
- trusts
- inheritances & estates
- wex definitions
- property law