vested ownership
Complete, unconditional ownership. Compare: conditional ownership
Category: Real Estate & Rental Property
Category: Wills, Trusts & Estates

Nolo’s Plain-English Law Dictionary. . 2009.

Look at other dictionaries:

  • vested interest — see interest 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. vested interest …   Law dictionary

  • ownership — own·er·ship n: the state, relation, or fact of being an owner; also: the rights or interests of an owner reduced their ownership by one third absolute ownership: ownership esp. by a single person that is free of any encumbrances or limitations… …   Law dictionary

  • vested — Fixed; accrued; settled; absolute; complete. Having the character or given the rights of absolute ownership; not contingent; not subject to be defeated by a condition precedent. Rights are vested when right to enjoyment, present or prospective,… …   Black's law dictionary

  • Vested Benefit — A financial incentive of employment that an employee is fully entitled to. Employers sometimes offer their employees benefits that they acquire full ownership of gradually or suddenly, as they accumulate more time with the company. This process… …   Investment dictionary

  • Vested Interest — 1. The lawful right of an individual or entity to gain access to tangible or intangible property now or in the future. A vested interest is an entitled benefit, which can be conveyed to a separate party. There is usually a vesting period before… …   Investment dictionary

  • vested — /ves tid/, adj. 1. held completely, permanently, and inalienably: vested rights. 2. protected or established by law, commitment, tradition, ownership, etc.: vested contributions to a fund. 3. clothed or robed, esp. in ecclesiastical vestments: a… …   Universalium

  • vested interest — A fixed right to the enjoyment of property in an ascertained person which is subject to no condition other than the termination of a precedent estate. Stevens v Carroll, 64 Or 417, 129 P 1044. An interest when vested, whether it entitles the… …   Ballentine's law dictionary

  • Mutual Ownership Defense Housing Division — The Mutual Ownership Defense Housing Division of the Federal Works Agency part of the United States government, operating from about 1940 to 1942 under the leadership of Colonel Lawrence Westbrook, was an attempt by the United States Government,… …   Wikipedia

  • Employee ownership — occurs when a corporation is owned in whole or in part by its employees. Employees are usually given a share of the corporation after a certain length of employment or they can buy shares at any time. A corporation owned entirely by its employees …   Wikipedia

  • State ownership — State ownership, also called public ownership, government ownership or state property, are property interests that are vested in the state, rather than an individual or communities.[1] State ownership may refer to state ownership or control of… …   Wikipedia

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