vested gift

vested gift
A gift which vests immediately in interest, albeit the enjoyment is postponed. 24 Am J1st Gifts § 31.

Ballentine's law dictionary. . 1998.

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  • vested gift — n. A gift given at present, or a gift that will certainly take effect in the future and that is not contingent on some condition. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   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

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  • vested interest — 1) In law, an interest in property that is certain to come about rather than one dependent upon some event that may not happen. For example, a gift to ‘A for life and then to B’ means that A s interest is vested in possession, because A has the… …   Accounting dictionary

  • vested interest — 1) In law, an interest in property that is certain to come about rather than one dependent upon some event that may not happen. For example, a gift to A for life and then to B means that A s interest is vested in possession, because A has the… …   Big dictionary of business and management

  • defeasibly vested remainder — Gift over to remainderman which, though not subject to condition precedent as in the case of a contingent remainder, is subject to divestment on the happening of a condition subsequent …   Black's law dictionary

  • defeasibly vested remainder — Gift over to remainderman which, though not subject to condition precedent as in the case of a contingent remainder, is subject to divestment on the happening of a condition subsequent …   Black's law dictionary

  • 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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