vested interest
vested interest see interest 1

Merriam-Webster’s Dictionary of Law. . 1996.

vested interest
index birthright, claim (right), equity (share of ownership), prescription (claim of title), right (entitlement), title (right)

Burton's Legal Thesaurus. . 2006


vested interest
n.
An interest that is recognized as belonging to someone who has the right to give it away; a personal stake in some matter.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


vested interest
England, Wales
A beneficiary of a trust has a vested interest if he does not have to meet any conditions for his interest to take effect. The interest may be:
• Vested in possession, if it is a "present right to present enjoyment", such as an immediate right to income.
• Vested in interest, if it is a "present right to future enjoyment", such as a right to capital which is ready to take effect when another beneficiary's interest ends.
For example, Brian creates a trust to pay income to his daughter, Beatrice, for life and then to hold the capital for Beatrice's children on her death. Beatrice's interest is vested in possession, and her children's interests are vested in interest. If a child dies before Beatrice, his share of capital passes to his estate.
If a beneficiary has to meet a condition (such as surviving to a certain age, or surviving another beneficiary) he has a contingent interest, not a vested interest. When he meets the condition, his interest vests.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • Vested interest — is a communication theory that seeks to explain how influences impact behaviors. Coined by William Crano, vested interest refers to the amount that an attitude object is deemed ally relevant by the attitude holder (Crano, 1995). Not to be… …   Wikipedia

  • vested interest — ➔ interest * * * vested interest UK US noun [C] ► a strong reason for supporting a particular action which will give you a personal or financial advantage: a vested interest in sth »Leaks about a possible merger were traced back to the companies… …   Financial and business terms

  • vested interest — vested interests N VAR: usu N in n/ ing If you have a vested interest in something, you have a very strong reason for acting in a particular way, for example to protect your money, power, or reputation. Only those with vested interests in the… …   English dictionary

  • Vested interest — Vest ed interest 1. a special personal interest, usually financial, in an existing system, law, or institution, which hinders a person from making objective decisions regarding that system, law, or institution. A vested interest may be one which… …   The Collaborative International Dictionary of English

  • vested interest — ► NOUN 1) Law an interest (usually in land or money held in trust) recognized as belonging to a particular person. 2) a personal stake in an undertaking or state of affairs …   English terms dictionary

  • vested interest — n. 1. an established right that cannot be eliminated, as to some future benefit 2. close involvement in promoting personal advantage 3. [pl.] a number of groups cooperating or competing in pursuing selfish goals and exerting controlling influence …   English World dictionary

  • vested interest — noun 1. (law) an interest in which there is a fixed right to present or future enjoyment and that can be conveyed to another • Topics: ↑law, ↑jurisprudence • Hypernyms: ↑interest, ↑stake 2. groups that seek to control a social system or activity… …   Useful english dictionary

  • vested interest — UK [ˌvestɪd ˈɪntrəst] / US [ˌvestəd ˈɪntrəst] noun Word forms vested interest : singular vested interest plural vested interests a) [singular] a special reason for wanting things to happen in a particular way, because you will benefit from this… …   English 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 interest — vest|ed in|ter|est [ ,vestəd ıntrəst ] noun singular a special reason for wanting things to happen in a particular way, because you will benefit from this: have a vested interest in (doing) something: Clearly, local businesses have a vested… …   Usage of the words and phrases in modern English

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”