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Simple English definitions for legal terms

Vested

Read a random definition: satellite state

A quick definition of Vested:

Term: Vested

Definition: When you have something that is completely yours and you can use it whenever you want, that means it is vested. It's like having a toy that you can play with anytime you want, without having to ask anyone else for permission. This is different from something that is contingent, which means you can only use it if something else happens first.

A more thorough explanation:

Definition: Having an absolute right or title to something, to be enjoyed either now or in the future. A vested right is unconditional; it is no longer dependent on any event even if it was in the past. See Contingent (contrast).

Vested means that you have a right to something that cannot be taken away from you. It is a permanent right that you can enjoy now or in the future. This right is not dependent on any event that may have happened in the past.

  • When you have a vested interest in a company, it means that you have a permanent right to a portion of the company's profits, even if you leave the company.
  • When you have a vested pension plan, it means that you have earned the right to receive a certain amount of money from the plan when you retire, and this right cannot be taken away from you.

These examples illustrate the definition of vested because in both cases, the right to the profits or pension is permanent and cannot be taken away, even if certain events happen in the future.

Vest | vested ownership

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18:45
remembering the lsat?
18:45
yur
18:45
I’ve been doing that too you’ll be fine
18:45
i just saw that some kids a year below me in high school are starting at good ass schools too fuckkk
18:46
what are good ass schools to you?
18:46
do u have a dream school?
18:46
well i saw one is at fordham and one is at upenn and ik fordham isnt t14 but its better than temple and villanova
18:47
dream is duke
18:47
ooh interesting choice why Duke?
18:48
i got into fordham and so did the dumbass I was dating for like two months it’s not that hard
18:48
by which I mean if they let him in I don’t trust their standards
18:49
my dad went to duke law so i have been a fan forever
18:49
Duke is fun. I took a trip there when I was 19 or so. Really good time when I was a young rapscallion.
18:49
and ik i just dont think i gave myself enough time for a guaranteed 170+ performance
18:49
I didnt see if anyone answered my UGA question. Did anyone answer it?
18:53
@Dkkm11: are you not still a young rapscallion?
19:00
Nah, I am gray-bearded wizard.
19:02
Hmmm. I guess that’s okay.
19:03
Honestly, idk what I would call myself these days. Will probably not know until I can reflect on this part of my life which will be idk, in like 5 years when I am 32.
19:06
Does your life come in 5 year epochs typically?
19:06
Someone told me a while ago that I was probably molested as a kid because I don’t really have any clear memories of my childhood. But I don’t think I was.
1a2b3c4d26z
19:10
Inside thoughts!
19:10
this is where I post my inside thoughts
19:11
Nah, the fucked up thing about therapists is they try and make you think your parents are your enemy 99% of the time and really they should be telling you that your parents have almost no effect on the rest of your life. If they can get you to keep focusing on your parents they can keep making money.
19:12
Yeah, my life really does flow in about 5 years periods.
19:12
My crypto also flows in 5 day epochs too.
19:16
what do you do with your days as an unemployed crypto guy? do you play an instrument or something
19:47
please lawd
19:47
forgive me
19:47
its time to go back to tha old me
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