Found 1 items, similar to Vested legacy.
English → English (gcide) Definition: 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]