estate, vested

estate, vested
n.
An estate that is currently owned or held by the person to whom the property interest will go when a life estate or other current interest ends. See also life estate

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

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Look at other dictionaries:

  • estate vested in possession — An estate whereof there is a right of present enjoyment. 28 Am J2d Est § 2. See vested estate …   Ballentine's law dictionary

  • estate vested in interest — See vested estate …   Ballentine's law dictionary

  • estate vested subject to defeasance — An estate subject to a condition subsequent. Anno: 131 ALR 712. See condition subsequent …   Ballentine's law dictionary

  • estate — es·tate /i stāt/ n [Anglo French estat, literally, state, condition, from Old French, from Latin status, from stare to stand] 1: the interest of a particular degree, nature, quality, or extent that one has in land or other property compare fee;… …   Law dictionary

  • vested — vest·ed / ves təd/ adj 1: fully and absolutely established as a right, benefit, or privilege: not dependent on any contingency or condition; specif: not subject to forfeiture if employment terminates before retirement vested pension benefits 2:… …   Law dictionary

  • vested estate — see estate 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. vested estate n …   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

  • estate — The degree, quantity, nature, and extent of interest which a person has in real and personal property. An estate in lands, tenements, and hereditaments signifies such interest as the tenant has therein. 2 Bl.Comm. 103. The condition or… …   Black's law dictionary

  • estate — The degree, quantity, nature, and extent of interest which a person has in real and personal property. An estate in lands, tenements, and hereditaments signifies such interest as the tenant has therein. 2 Bl.Comm. 103. The condition or… …   Black's law dictionary

  • 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

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