vesting

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vest

 (vĕst)
n.
1. 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.
2. A waist-length, sleeveless garment worn for protection: a warm down vest; a bulletproof vest.
3. A fabric trim worn to fill in the neckline of a woman's garment; a vestee.
4. Chiefly British An undershirt.
5. Obsolete An ecclesiastical vestment.
v. vest·ed, vest·ing, vests
v.tr.
1. To place (authority, property, or rights, for example) in the control of a person or group, especially to give someone an immediate right to present or future possession or enjoyment of (an estate, for example). Used with in: vested his estate in his daughter.
2. To invest or endow (a person or group) with something, such as power or rights. Used with with: vested the council with broad powers; vests its employees with full pension rights after five years of service.
3. To clothe or robe, as in ecclesiastical vestments.
v.intr.
1. To become legally vested: stock options that vest after the second year of employment.
2. To dress oneself, especially in ecclesiastical vestments.

[French veste, robe, from Italian vesta, from Latin vestis, garment; see wes- in Indo-European roots.]

vesting

(ˈvɛstɪŋ)
n
(Law) law the act of conferring a right upon (someone) which is immediately secured

vest•ing

(ˈvɛs tɪŋ)

n.
the granting to an employee of the right to pension benefits despite retirement before the usual time or age.
[1940–45]
References in classic literature ?
Tom by this time began to be conscious of his new social position and dignities, and to luxuriate in the realized ambition of being a public school-boy at last, with a vested right of spoiling two seven-and-sixers in half a year.
While the agitated parent was listening to the vivid description that his daughter gave of her recent danger, and her unexpected escape, all thoughts of mines, vested rights, and examinations were absorbed in emotion; and when the image of Natty again crossed his recollection, it was not as a law Less and depredating squatter, but as the preserver of his child.
The Tite Barnacle Branch, indeed, considered themselves in a general way as having vested rights in that direction, and took it ill if any other family had much to say to it.
his land to the extent that he has acquired a vested right to continue
Where an individual took up a profession that critically depended on the observation of rules, and then broke those rules, it could not be contended that he had a vested right to work within that profession.
Rejecting A's argument, the Tax Court found constructive receipt inapplicable, because A lacked an "unqualified, vested right to receive immediate payment" in 1989; see Augustin Jombo, TC Memo 2002-273 (citing Richard A.
Constructive receipt requires an unqualified vested right to receive income--there can be no condition, limitation, or restriction that prevents the taxpayer from having unrestricted access to his or her money without penalty.
The joint tenancy account gives each joint owner a vested right to one-half of the funds in the account during the lifetime of the joint owners and full ownership of the account to the survivor on the death of the other joint tenant.
In local land-use planning, the concept of a vested right emerges somewhere along a continuum between policies that simply encourage reliance and those that, perhaps more philosophically but no less pragmatically, pursue the integrity of individual right in "property.
Nonetheless, it held that ERISA did not provide employees with a permanent, vested right to their health insurance benefits.
Courts continued to uphold bans on particular uses without paying compensation, on the rationale that no one can obtain a vested right to injure or endanger the public.
The court further concluded that there was no vested right in any common law rule.