MLchartDataset catalogue

Vested ownership

Term · Law · MLC-T-LAW-005156

A form of property ownership where the title or interest is absolute and not contingent upon the fulfillment of any condition. The owner possesses a present, indefeasible right to the property, even if the right to actual possession is deferred to a future date. This contrasts with contingent ownership, which depends on an uncertain event.

Table 1. Record
IdentifierMLC-T-LAW-005156
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-005156",
  "term": "Vested ownership",
  "field": "Law",
  "definition": "A form of property ownership where the title or interest is absolute and not contingent upon the fulfillment of any condition. The owner possesses a present, indefeasible right to the property, even if the right to actual possession is deferred to a future date. This contrasts with contingent ownership, which depends on an uncertain event.",
  "url": "https://mlchart.com/terminology/law/vested-ownership/"
}

Record 5,285 of 5,441 in Law terminology (MLC-0107). Request the full dataset.