Being fully vested means a person has rights to the full amount of some benefit, most commonly employee benefits such as stock options, profit sharing, or retirement benefits.
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What does it mean to be vested in a person?
1 : fully and unconditionally guaranteed as a legal right, benefit, or privilege the vested benefits of the pension plan.
Can you have a vested interest in a person?
Understanding Vested Interest
The term vested interest can mean many different things depending on the context. A vested interest exists for individuals who have a claim or a right to ownership of a piece of property without any reliance on anything else, even if the person doesn’t possess the asset right away.
Can you be vested in something?
If you have a vested interest in something, you have a personal stake in its success. You have a vested interest in your science project — if your invention works, you could be rich and famous. Vested can also refer to something assigned to you.
How do you use the word vested?
How to use Vested in a sentence
- The judicial power is vested in a high court and many subordinate courts.
- He is vested in surplice, stole and cope.
- The more I have a personal vested interest in your success, the better.
Does vested mean committed?
held completely, permanently, and inalienably:vested rights. protected or established by law, commitment, tradition, ownership, etc.: vested contributions to a fund.
What is vested synonym?
(also licenced), qualified, warranted.
What does vested interest mean?
Definition of vested interest
1 : an interest (such as a title to an estate) carrying a legal right of present or future enjoyment specifically : a right vested in an employee under a pension plan.
What’s another word for vested interest?
synonyms for vested interest
- absolute interest.
- beneficial interest.
- contingent interest.
- dominant interest.
- equitable interest.
- lobby.
- pressure group.
What is a vested in possession?
An interest could be either “vested in possession,” where it confers a present right to possession of a thing (eg the interest of a life tenant in Blackacre), or “vested in interest,” where it confers a present right to future possession (eg the interest of a remainderman in Blackacre).
What does vested partner mean?
In the context of a startup company, a vesting scheme is a formal agreement between business partners that states when a partner will gain full ownership of their portion of the company. If that agreement is broken and the partner leaves the company early, they do not continue to receive benefits from the company.
Are you vested or invested in someone?
Invested means having put in time, effort, or money into something for a favorable result. Vested means protected by law such as power vested in someone. Vested interest means special reason that makes a person biased towards something. Something vested is inalienable, complete, and permanent.
What does it mean to be vested in a marriage?
The vesting is the same as community property described above but adds the right of survivorship. This means that when one spouse dies, their half interest transfers to the surviving spouse. Important to note that this means the property will not go through probate at the time of the spouse’s death.
What does not vested mean?
Non-Vested Pensions and Divorce Definition: A non-vested pension plan is one in which the employee has not completed the required years of creditable service in order to earn the right to receive benefits under the terms of the plan.
What happens if you are not vested?
If you’re not fully vested, you’ll get to keep only a portion of the match or maybe none at all. To find out your vesting schedule, check with your company’s benefits administrator. The upshot: It can usually take around three to five years before you own all of your company matching contributions.
What is the example of vest?
A sleeveless garment, often having buttons down the front, worn usually over a shirt or blouse and sometimes as part of a three-piece suit. (obsolete) An ecclesiastical vestment. (obs.) Vesture; clothing.
What does vest mean in slang?
verb. at a place of employment, to do little work while waiting for one’s stock options to vest. My plan for the next year is to rest and vest, and then take some time off.
What does vest mean in law?
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). property & real estate law.
Who is vested with power?
Article 53 of the Constitution of India says that the executive power of the union shall be vested in President and Article 75 provide for the Council of Ministers with the Prime Minister at the head to aid and advise the President and he shall act in accordance with such advice while exercising his functions.
What is a vested beneficiary?
Vested beneficiary (noun): A beneficiary that can receive distributions at the present. If you are unsure if you are a vested beneficiary and have questions you can reach out to the executor of the will or the trustee of the trust.
Where does the term vested interest come from?
Where does vested interest come from? The first records of vested interest come from around the 1810s. In the phrase, the word vested means “secured” or “established.” If you have a vested interest in a situation, you care very much about what happens—the situation has secured your interest.