definition of vested interest
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JURISPRUDENCE Definitions for vested interest. vested interest(noun) (law) an interest in which there is a fixed right to present or future enjoyment and that can be conveyed to another. vested interest(noun) groups that seek to control a social system or activity from which they derive private benefit. Vested interest.
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Vesting A vesting period is a period of time an investor or other person holding a right to something must wait until they are capable of fully exercising their rights and until those rights may not be taken away.
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What does vesting of stock mean? Vesting essentially means, in the case of restricted stock, the lapse of the risk of forfeiture on such share ownership, or, in the case of stock options, earning the right to exercise the option. In the case of restricted stock, the term comes into play when the shares are subject to a risk of forfeiture.
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Split Interest Trust Law and Legal Definition Split Interest Trust Law and Legal Definition. Split Interest trust is an irrevocable trust in which the income is first dispersed to the beneficiaries of the trust for a specified period of time and then the remainder of the trust is donated to a designated charity. The beneficiaries receive the income and the charity receives the principal after a specified period of time.
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vested interest Definition of vested interest. 1 : an interest (as a title to an estate) carrying a legal right of present or future enjoyment; specifically : a right vested in an employee under a pension plan. 2 : a special concern or stake in maintaining or influencing a condition, arrangement, or action especially for selfish ends.
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vested held completely, permanently, and inalienably: vested rights. 2. protected or established by law, commitment, tradition, ownership, etc.: vested contributions to a fund. 3. clothed or robed, especially in ecclesiastical vestments: a vested priest.
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- Security interest. A security interest is a type of property interest created by agreement or by operation of law over assets to secure the performance of an obligation, usually the payment of a debt. It gives the beneficiary of the security interest certain preferential rights in the disposition of secured assets.
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Remainder (law) A remainder is vested if (1) the remainder is given to a presently existing and ascertained person, and (2) it is not subject to a condition precedent. A vested remainder may be indefeasibly vested, meaning that it is certain to become possessory in the future, and cannot be divested.
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Retirement Topics - Vesting “Vesting” in a retirement plan means ownership. This means that each employee will vest, or own, a certain percentage of their account in the plan each year. An employee who is 100% vested in his or her account balance owns 100% of it and the employer cannot forfeit, or take it back, for any reason.
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vested held completely, permanently, and inalienably: vested rights. protected or established by law, commitment, tradition, ownership, etc.: vested contributions to a fund.
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SECURITY INTEREST • SECURITY INTEREST (noun) The noun SECURITY INTEREST has 1 sense: 1. any interest in a property that secures the payment of an obligation. Familiarity information: SECURITY INTEREST used as a noun is very rare.
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- Vested in possession, if it is a present right to present enjoyment, such as an immediate right to income. Vested in interest, if it is a present right to future enjoyment, such as a right to capital which is ready to take effect when another beneficiary's interest ends.For example, Brian creates a trust to pay income to his daughter, Beatrice, for life and then to hold the capital for Beatrice's children on her death.Beatrice's interest is vested in possession, and her children's interests are vested in interest.ested in interest, if it is a present right to future enjoyment, such as a right to capital which is ready to take effect when another beneficiary's interest ends.
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Conflict of interest A widely used definition is: A conflict of interest is a set of circumstances that creates a risk that professional judgement or actions regarding a primary interest will be unduly influenced by a secondary interest..
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Vesting The accrual of employer-contributed funds to a qualified retirement plan according to a pre-determined schedule. When your employer gives you money outside of your regular salary, you may not have full ownership of that money right away. How and when you gain full ownership of the funds is known as a vesting schedule. What Does it Mean to Vest?
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leasehold interest leasehold interest. Claim or right to enjoy the exclusive possession and use of an asset or property for a stated definite period, as created by a written lease. A long-term lease interest is a valuable asset in its own right which can be traded or mortgaged as a physical asset. Use 'leasehold interest' in a Sentence.
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What Is a Vested Account Balance? Retirement plan account balances are separated into vested and nonvested components. A vested account balance is the amount you keep if you stop working for your employer immediately. A nonvested balance is the amount that you become eligible to keep if you continue working for a predetermined amount of time. Retirement planning includes both your vested and nonvested account balances.
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Definitions &Translations When the right, interest, or title to the present or future possession of a legal estate can be transferred to any other party, it is termed a vested interest. The concept can arise in any number of contexts, but the most common are inheritance law and retirement plan law. In real estate, to vest is to create an entitlement to a privilege or a right. For example, one may cross someone else’s property regularly and unrestrictedly for several years, and one’s right to an easement becomes vested.
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vested vested (ˈvɛstɪd) adj (Law) property law having a present right to the immediate or future possession and enjoyment of property. vest•ed (ˈvɛs tɪd) adj. 1. held completely, permanently, and inalienably: vested rights. 2. protected or established by law, tradition, etc.: vested contributions to a fund.
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What is 'Fully Vested' BREAKING DOWN 'Fully Vested'. To be fully vested, an employee must meet a threshold as set by the employer. This most often requires employment longevity, with benefits released based on the amount of time the employee has been with the business.
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What is 'Carried Interest' What is 'Carried Interest' Carried interest is a share of any profits that the general partners of private equity and hedge funds receive as compensation, regardless of whether or not they contributed any initial funds. This method of compensation seeks to motivate the general partner (fund manager) to work toward improving the fund's performance. BREAKING DOWN 'Carried Interest'
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vested 1 : fully and unconditionally guaranteed as a legal right, benefit, or privilege the vested benefits of the pension plan. 2 : having a vest a vested suit.
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Remainder (law) A vested remainder may be indefeasibly vested, meaning that it is certain to become possessory in the future, and cannot be divested. An example, O conveys to A for life, then to B and B's heirs. B has an indefeasibly vested remainder certain to become possessory upon termination of A's life estate.
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- The executive Power shall be vested in a President of the United States of America. Article II, Section 1, Clause 1. The Executive Vesting Clause (or Vesting Clause) grants the President those authorities that were traditionally wielded by executives.
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Options for Issuing Employee Equity in LLCs Profits interests usually are granted subject to vesting, and service providers usually file ‘protective’ 83(b) elections on such profits interests with a goal of ensuring that any future gains are taxed at capital gains tax rates rather than ordinary income; capital gains treatment should be available assuming the interest is held for at least a year (or, in the context of an asset sale of the LLC, as to assets that the LLC has held for at least a year, regardless of the service ...
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What Does It Mean to Be Vested in My 401 (k)? Getting Started With Money. Vested Definition: Vested is the term used to determine how much of your 401(k) funds you can take with you when you leave your company. Vesting refers to the ownership of your 401(k). When you are considering your contributions to your 401(k), you may be wondering how much of the money is yours.
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interest interest group - (usually plural) a social group whose members control some field of activity and who have common aims; the iron interests stepped up production.