To have a legal or recognized right or claim to something; to be given or empowered with a particular right, power, or property. It often implies a secure and established entitlement, particularly regarding benefits, rights, or ownership that cannot easily be taken away. 'Vested' indicates that an individual or entity possesses a completed and binding right, as opposed to a contingent or future one. This can apply to financial assets, property rights, legal authority, or even personal qualities. It suggests a level of stability and assurance in possessing the object of the vesting.
Vested meaning with examples
- Upon reaching retirement age, the employee's pension benefits became vested, meaning she had an absolute right to receive them regardless of future employment. This secure entitlement gave her peace of mind as she approached her later years. The company carefully managed the vesting schedule to incentivize employee retention while protecting its own financial interests over time, allowing time to create a sense of investment.
- The government vested the local council with the power to oversee the urban development plan, giving them the authority to make decisions about zoning and construction. This delegation of power ensured that local needs were prioritized. This empowering mechanism provided for local leadership to create a direct influence, and improved local governance.
- After five years of marriage, the couple's shared assets were considered vested, legally guaranteeing each of them ownership over all their property. The vesting of their assets served as a protective measure should the marriage dissolve. Legal and financial steps were used to establish and ensure this entitlement.
- The trust fund was designed so that the children's inheritance vested upon their 25th birthday. The children were then granted full control of the finances and funds. The structured vesting was implemented to protect the children in the absence of a legal guardian and provide long-term stability.
- The athlete, having trained diligently for years, felt the title was finally vested in their abilities. The athlete was confident in their skills and ready for competition. They worked hard to earn the right to possess and use those skills.