Vest | Practical Law
Vest
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Vest
Practical Law UK Glossary 8-383-4768
(Approx. 4 pages)
Glossary
Vest
Has two meanings:
An asset vests in a person when title to the asset is transferred to that person.
A
beneficial interest
vests in a person when that person does not have to meet any conditions for the interest to take effect (see
vested interest
).