vested interest

vested interest
1) In law, an interest in property that is certain to come about rather than one dependent upon some event that may not happen. For example, a gift to ‘A for life and then to B’ means that A's interest is vested in possession, because A has the property now. B's gift is also vested (but not in possession) because A will certainly die sometime and then B (or B's estate if B is dead) will inherit the property. A gift to C ‘if C reaches the age of 30’ is not vested, because C may die before reaching that age. An interest that is not vested is known as a contingent interest.
2) An involvement in the outcome of some business, scheme, transaction, etc., usually in anticipation of a personal gain.

Accounting dictionary. 2014.

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