FindLaw Legal Dictionary
The FindLaw Legal Dictionary -- free access to over 8260 definitions of legal terms. Search for a definition or browse our legal glossaries.
term:
Vested
-
vested 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 [ pension benefits]
2 : having a vested interest [a employee] [a beneficiary]
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.