Vested Legal Meaning and Definition

Here is a simplified definition of the legal term Vested.

(adj). Vested

The term vested is used when something (like money, a house, or a job) is fully and officially given to someone. This can happen because of a decision that a person or group made, something that happens in a family, or because a rule or law says so. For example, if a law says that a child will get their parents' house when they turn 18, that child has a vested right to the house. This means they are totally and officially right to take the house when they turn 18.