Vest refers to the legal process by which an individual or entity obtains the full legal title or ownership of a property. When property rights are “vested,” the owner has complete control over the property, including the right to sell, lease, or use it according to their wishes.
Vesting can also relate to the specific way in which title is held, such as joint tenancy, tenancy in common, or community property, which defines the ownership rights and responsibilities of each party involved.