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vested: adj. referring to having an absolute right or title, when previously the holder of the right or title only had an expectation. Examples: after 20 years of employment Larry Loyal's pension rights are now vested. (See: vest , vested remainder )
Nov 28, 2023 · vested ( comparative more vested, superlative most vested) ( law) Settled, fixed or absolute, with no contingencies . All legislative Powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and House of Representatives. Dressed or clothed, especially in vestments .
Dec 11, 2023 · Vesting refers to the ownership rights an individual has to an asset or benefit, such as a piece of real estate, stock options, or a retirement account. When someone is fully vested, they have met ...
Vest definition: a close-fitting, waist-length, sleeveless garment that buttons down the front, designed to be worn under a jacket.. See examples of VEST used in a sentence.
Apr 13, 2022 · For private-sector plans, at a minimum, after year three, you become 20% vested in your pension. After year four, you are 40% vested. After year five, you are 60% vested; after year six you are 80 ...
Having an absolute right or title to something, to be enjoyed either now or in the future. A vested right is unconditional; it is no longer dependent on any event even if it was in the past. See Contingent (contrast). wex. PROPERTY. property & real estate law. trusts, inheritances & estates. property law. wex definitions.
adj. referring to having an absolute right or title, when previously the holder of the right or title only had an expectation. Example: after 20 years of employment Larry Loyal's pension rights are now vested. See also: vest vested remainder. The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications.
