Vested Interest Law and Legal Definition
A vested interest is a “right that so completely and definitely belongs to a person that it cannot be impaired or taken away without the person's consent.” Brubaker v. Deere & Co., 2009 U.S. Dist. LEXIS 102419 (S.D. Iowa Oct. 16, 2009). The event or time frame that triggers vesting is typically defined by contract, such as employee pension benefits vesting after a certain number of years.