Vested Interest (Noun)
Meaning 1
(law) an interest in which there is a fixed right to present or future enjoyment and that can be conveyed to another.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The heir had a vested interest in the estate, which she could claim as soon as the probate process was complete.
- As a result of the divorce settlement, the wife had a vested interest in the husband's pension fund, which would pay out when he retired.
- The buyer had a vested interest in the property, having paid the full purchase price and received the deed.
- The beneficiary had a vested interest in the trust fund, which would distribute its assets to her on her 25th birthday.
- The shareholder had a vested interest in the company's profits, having held the stock for over a year and meeting all the necessary requirements.
Hypernyms
Meaning 2
Groups that seek to control a social system or activity from which they derive private benefit.
Classification
Nouns denoting groupings of people or objects.