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American Dictionary of the English Language

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Vested


VEST'ED, participle passive

1. Clothed; covered; closely encompassed.

2. adjective Fixed; not in a state of contingency or suspension; as vested rights.

Vested legacy, in law, a legacy the right to which commences in presenti, and does not depend on a contingency, as a legacy to one, to be paid when he attains to twenty one years of age. This is a vested legacy, and if the legatee dies before the testator, his representative shall receive it.

Vested remainder, is where the estate is invariably fixed, to remain to a determinate person, after the particular estate is spent. This is called a remainder executed, by which a present interest passes to the party, though to be enjoyed in future.