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