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The Collaborative International Dictionary
Vesting

Vest \Vest\, v. t. [imp. & p. p. Vested; p. pr. & vb. n. Vesting.] [Cf. L. vestire, vestitum, OF. vestir, F. v[^e]tir. See Vest, n.]

  1. To clothe with, or as with, a vestment, or garment; to dress; to robe; to cover, surround, or encompass closely.

    Came vested all in white, pure as her mind.
    --Milton.

    With ether vested, and a purple sky.
    --Dryden.

  2. To clothe with authority, power, or the like; to put in possession; to invest; to furnish; to endow; -- followed by with before the thing conferred; as, to vest a court with power to try cases of life and death.

    Had I been vested with the monarch's power.
    --Prior.

  3. To place or give into the possession or discretion of some person or authority; to commit to another; -- with in before the possessor; as, the power of life and death is vested in the king, or in the courts.

    Empire and dominion was [were] vested in him.
    --Locke.

  4. To invest; to put; as, to vest money in goods, land, or houses. [R.]

  5. (Law) To clothe with possession; as, to vest a person with an estate; also, to give a person an immediate fixed right of present or future enjoyment of; as, an estate is vested in possession.
    --Bouvier.

Vesting

Vesting \Vest"ing\, n. Cloth for vests; a vest pattern.

Wiktionary
vesting

n. 1 (context legal English) The entitlement of an employee to receive the full benefit of a pension at normal retirement age or a reduced pension upon early retirement even upon change of employer before retirement. 2 (context legal English) The entitlement of an employee to exercise a stock option after a predetermined period of time. 3 Cloth for making vests. 4 A vest pattern. vb. (present participle of vest English)

Wikipedia
Vesting

In law, vesting is to give an immediately secured right of present or future deployment. One has a vested right to an asset that cannot be taken away by any third party, even though one may not yet possess the asset. When the right, interest, or title to the present or future possession of a legal estate can be transferred to any other party, it is termed a vested interest.

The concept can arise in any number of contexts, but the most common are inheritance law and retirement plan law. In real estate, to vest is to create an entitlement to a privilege or a right. For example, one may cross someone else’s property regularly and unrestrictedly for several years, and one’s right to an easement becomes vested. The original owner still retains the possession, but can no longer prevent the other party from crossing.

Usage examples of "vesting".

All of these rulings with respect to the vesting of revisory powers in the courts of the District carried the qualification that revisory actions and interlocutory opinions, as nonjudicial functions, were not reviewable on appeal to the Supreme Court of the United States.

Alien Property Custodian vesting in himself, for the United States, under authority of the Trading with the Enemy Act and Executive Order, all rights of claimants in the vessels and to the fund substituted therefor was held not to be a violation of section four.

The meticulous care manifested in this case appeared twenty years later when the Court narrowly construed section 11 of the Judiciary Act of 1789, vesting the federal courts with jurisdiction where an alien was a party, in order to keep it within the limits of this clause.

The organist would be playing a voluntary, and the rector would be vesting in the vestry, slipping his surplice on, over a shirt that smelled of wood-preservative from creosoting the slide-down door of a garage.

Fetching a silver ewer from a credence table near the vesting altar, the priest set it beside the communion vessels he had brought in from Mass and swept the burse and pall and veil off the chalice.

They're coming terug their diamond wedding tour, giant's inchly elfkin's ell, vesting their characters vixendevolment, andens aller, athors err, our first day man and your dresser and mine, that Luxuumburgher evec cettehis Alzette, konyglik shire with his queensh countess, Stepney's shipchild with the waif of his bosun, Dunmow's flitcher with duck-on-the-rock, down the scales, the way they went up, under talls and threading tormentors, shunning the startraps and slipping in sliders, risking a runway, ruing reveals, from Elder Arbor to La Puiree, eskipping the clockback .

Susan's accepting - and she's forking up some of her vesting money as seed capital for a larger equity stake - and she's clinching the title of Creative Director.