vesting

American  

[ves-ting] / ˈvɛs tɪŋ /

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.

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Other Word Forms

• nonvesting adjective

Etymology

Origin of vesting

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