Vest Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Vest, written in plain English, along with examples of how it is used.

What is Vest?

(v) Vesting is the process by which a right on any assets, income or receivable is transferred to another person unconditionally. By vesting the property the ownership is transferred to the new person. Vested person can draw benefit from the right or property