What is Vested In Interest?

Legal Definition
A legal term applied to a present fixed right of future enjoyment; as reversions, vested remainders, such 'executory devises, future uses, conditional limitations, and other future interests as are not referred to, or made to depend on. a period or event that is uncertain. Wbarton. Sec Smith v. West, 108 111. 337 ; Hawley v. James, 5 Paige (N. Y.) 466; Gates v. Seibert, 157 Mo. 254, 57 S. W. 1065, 80 Am. St Rep. 625
-- Black's Law Dictionary
Legal Definition
The quality of an estate when there is a present, fixed right of future enjoyment. See 103 111. 332.
-- Ballentine's Law Dictionary
Legal Definition
Right to the use of a future possession of a property.