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1. Right of ownership, possession, and use of a tangible or intangible property that is immediate (or is certain to come about) and which (unlike a contingent interest) is not dependent on something that may or may not happen. Not to be confused with vested in interest. See also absolute interest.
2. Personal stake, or expectation of personal gain, that underlies a strong commitment to maintain or influence an action.
earby Terms
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