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vesting Definition

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vesting
noun(vest-ing)
the conveying to an employee of inalienable rights to money contributed by an employer to a pension fund or retirement plan especially in the event of termination of employment prior to the normal retirement age; also : the right so conveyed
vesting
verb(vest-ing)
to grant or endow with a particular authority, right, or property
vesting
verb(vest-ing)
to place or give into the possession or discretion of some person or authority; especially : to give to a person a legally fixed immediate right of present or future enjoyment of (such as an estate)
vesting
verb(vest-ing)
to clothe with or as if with a garment; especially : to robe in ecclesiastical vestments

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