vest
v.
dress oneself or another (as with clerical garments); give authority and/or right of possession to someone (usually over an estate); grant certain rights or the control of something to a person or group of people
Vesting
For a vested interest in the nature of supporting a particular outcome for reasons of self-interest, see
Vested interest. For the garment, see
Vest.In
law, vesting is to give an immediately secured right of present or future enjoyment. 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 that person’s right to an easement becomes vested. The original owner still retains the possession, but can no longer prevent the other party from crossing.
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vesting (de)
n.
fortress, fort, fastness
Vesting
(p. pr. & vb. n.)
of Vest
(n.)
Cloth for vests; a vest pattern.
Webster's Revised Unabridged Dictionary (1913), edited by Noah Porter.
About
vest
Noun
1. a man's sleeveless garment worn underneath a coat
(synonym) waistcoat
(hypernym) garment
(hyponym) bulletproof vest
(part-holonym) three-piece suit
2. a collarless men's undergarment for the upper part of the body
(synonym) singlet, undershirt
(hypernym) undergarment
Verb
1. provide with power and authority; "They vested the council with special rights"
(synonym) invest, enthrone
(hypernym) install
(hyponym) ordain, consecrate, ordinate, order
2. place (authority, property, or rights) in the control of a person or group of persons; "She vested her vast fortune in her two sons"
(hypernym) confer, bestow
3. become legally vested; "The property vests in the trustees"
(hypernym) change hands
4. clothe oneself in ecclesiastical garments
(hypernym) dress, dress up
(verb-group) robe
5. clothe formally; especially in ecclesiastical robes
(synonym) robe
(hypernym) dress, clothe, enclothe, garb, raiment, tog, garment, habilitate, fit out, apparel
(derivation) clothing, article of clothing, vesture, wear
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