Vested legacy
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 pr[ae]senti, 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]


The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • vested legacy — A legacy provided absolutely and unconditionally, although sometimes payable at a future time. Magoffin v Patton (Pa) 4 Rawie 113, 116 …   Ballentine's law dictionary

  • 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 …   The Collaborative International Dictionary of English

  • Vested remainder — 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 Collaborative International Dictionary of English

  • 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

  • legacy — A disposition of personalty by will. A bequest. In a technical sense and strictly construed, legacy is a gift or bequest by will of personal property, whereas a devise is a testamentary disposition of real estate, but such distinction will not be …   Black's law dictionary

  • legacy — A disposition of personalty by will. A bequest. In a technical sense and strictly construed, legacy is a gift or bequest by will of personal property, whereas a devise is a testamentary disposition of real estate, but such distinction will not be …   Black's law dictionary

  • Vested Property Act (Bangladesh) — The Vested Property Act was a controversial law in Bangladesh that allowed the Government to confiscate property from individuals it deemed as an enemy of the state . Before independence it was known as the Enemy Property Act and is still… …   Wikipedia

  • Price v. Watkins — SCOTUSCase Litigants=Price v. Watkins ArgueDate=April term ArgueYear=1763 DecideDate=April term DecideYear=1763 FullName=Price v. Watkins USVol=1 USPage=8 Holding=”The Court were clearly of Opinion, that it was a vested Legacy and Judgment was… …   Wikipedia

  • vest — vb [Anglo French vestir, literally, to clothe, from Old French, from Latin vestire] vt 1 a: to place in the possession, discretion, or province of some person or authority all legislative powers herein granted shall be vest ed in a Congress of… …   Law dictionary

  • Germany — /jerr meuh nee/, n. a republic in central Europe: after World War II divided into four zones, British, French, U.S., and Soviet, and in 1949 into East Germany and West Germany; East and West Germany were reunited in 1990. 84,068,216; 137,852 sq.… …   Universalium

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