vesting
vesting Lexical Profile
vesting Game Scores & Validity
• noun
The legal process by which an employee or beneficiary acquires an unconditional, non-forfeitable right to employer-provided assets, such as stock options, pension funds, or retirement benefits, typically over a specified period of service.
"The company's four-year vesting schedule encourages new hires to remain with the firm long enough to earn their full equity package."
The formal conferral or bestowal of legal title, authority, power, or property rights upon a person or entity.
"The statute provides for the immediate vesting of executive authority in the board of directors."
Heavy, often decorative fabric or textile material used specifically for making waistcoats and vests.
"The tailor selected a patterned silk vesting to complement the customer's dark wool suit."
• Rhymes for vesting
Word Origin & Etymology
Derived from the verb vest, from Old French vestir, from Latin vestire ('to clothe'), which evolved in legal contexts to mean clothing someone with the robes of office or authority, and subsequently conferring ownership rights.