vesting

[ves-ting]

noun

1. cloth that is usually of medium or heavy weight and has figures or ridges, as piqué, jacquard, dobby silk, or Bedford cord, originally used for decorative vests and now also for a variety of other garments.

2. the granting to an eligible employee of the right to specified pension benefits, regardless of discontinued employment status, usually after a fixed period of employment.

Other Word Forms

• nonvesting adjective

Word History and Origins

Origin of vesting¹

First recorded in 1805–15; vest (noun) + -ing ¹

Example Sentences

Such arbitrary taxation without representation is precisely what the Constitution’s Framers sought to prevent by vesting power over taxes and trade with Congress.

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Other filings indicate these options are subject to vesting schedules, which define when Kulkarni earns ownership and when he can exercise them.

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Carlos had SAG-AFTRA coverage, the kind of “forever” insurance that came with vesting.

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The first stock tranche vests with the initial one-gigawatt deployment, with additional tranches vesting as purchases scale up to six gigawatts, the news release said.

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And at least nine continue to receive corporate benefits from their private-sector employers, including health insurance, stock vesting plans or retirement savings programs.

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