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Vested remainder
(gcide) | Vested \Vest"ed\, a.
1. Clothed; robed; wearing vestments. "The vested priest."
--Milton.
[1913 Webster]
2. (Law) Not in a state of contingency or suspension; fixed;
as, vested rights; vested interests.
[1913 Webster]
Vested legacy (Law), a legacy the right to which commences
in praesenti, and does not depend on a contingency; as, a
legacy to one to be paid when he attains to twenty-one
years of age is a vested legacy, and if the legatee dies
before the testator, his representative shall receive it.
--Blackstone.
Vested remainder (Law), an estate settled, to remain to a
determined person, after the particular estate is spent.
--Blackstone. --Kent.
[1913 Webster] |
VESTED REMAINDER
(bouvier) | VESTED REMAINDER, estates. One by which a present interest passes to the
party, though to be enjoyed in future, and by which the estate is invariably
fixed to remain to a determinate person, after the particular estate has
been spent. 2 Bouv. Inst. n. 1831. Vide Remainder.
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VESTED REMAINDER
(bouvier) | VESTED REMAINDER, estates. One by which a present interest passes to the
party, though to be enjoyed in future, and by which the estate is invariably
fixed to remain to a determinate person, after the particular estate has
been spent. 2 Bouv. Inst. n. 1831. Vide Remainder.
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