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LSDefine

Simple English definitions for legal terms

Vest

Read a random definition: verbal note

A quick definition of Vest:

Term: Vest

Definition: When you have a right or interest in something, it "vests" when it becomes certain that you will receive it. This means you will get a specific amount of something, either now or later.

A more thorough explanation:

Vest

When a right or interest in property "vests," it means that it is secured and the beneficiary is certain to receive a specific amount, either now or in the future.

1. John's company offers him a retirement plan that vests after five years of employment. This means that after five years, John is guaranteed to receive the benefits of the retirement plan.

2. Sarah inherits a piece of land from her grandfather, but the ownership of the land vests in her only after she turns 21. This means that Sarah will become the owner of the land when she reaches the age of 21.

These examples illustrate how a right or interest in property can be secured and guaranteed to the beneficiary. In the first example, John's retirement plan is secured after five years of employment, and he is guaranteed to receive the benefits. In the second example, Sarah's ownership of the land is secured, but she has to wait until she turns 21 to become the owner.

Vessel Hull Design Protection Act | Vested

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Dkk
13:29
I'm at your mommas house rn: https://x.com/Mansavelli_/status/1648073454665572352
triplethread
13:29
im addicted to reacting to all of the decisions
triplethread
13:29
with the emojis
HopefullyInLawSchool
13:29
I shop at Joe
HopefullyInLawSchool
13:29
Joe's
glovediedthisishismom
13:30
i shop at tawget
glovediedthisishismom
13:30
im dawk gawthic maga
triplethread
13:30
i shop at giant eagle
ForDizzyDJoy
13:31
How did i miss Fordham and American’s wave and I applied in september 🙃
13:33
Lol UC Davis took me of ED and put me in RD
13:34
surprised I didnt get straight denied
HopefullyInLawSchool
13:34
they emailed you/
HopefullyInLawSchool
13:34
?
13:35
@HopefullyInLawSchool: Yea, I just got it
i just want a cornell ii :(
13:37
yak you will be fucking shit up at cornell this time next year dw
i love u
13:38
love you too bby
glovediedthisishismom
13:42
what if desantis appoints lara trump and matt gaetz to be floridas senators
Dkk
13:42
Sounds good to me
HopefullyInLawSchool
13:43
@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
glovediedthisishismom
13:53
i just wanna rock
glovediedthisishismom
13:53
bodyadaya
13:53
let it rock
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