Meaning
VEST'ED, pp.
1. Clothed; covered; closely encompassed.
2. a. Fixed; not in a state of contingency or suspension; as vested rights.
Vested legacy, in law, a legacy the right to which commences in presenti, and does not depend on a contingency, as a legacy to one, to be paid when he attains to twenty one years of age. This is a vested legacy, and if the legatee dies before the testator, his representative shall receive it.
Vested remainder, is where the estate is invariably fixed, to remain to a determinate person, after the particular estate is spent. This is called a remainder executed, by which a present interest passes to the party, though to be enjoyed in future.
