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Vesting

 - 8 dictionary results

vest⋅ing

  [ves-ting]
Use Vesting in a Sentence
–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.
Origin:
1805–15; vest (n.) + -ing 1

vest

  [vest]
–noun
1. a close-fitting, waist-length, sleeveless garment that buttons down the front, designed to be worn under a jacket.
2. a part or trimming simulating the front of such a garment; vestee. Compare dickey 1 (def. 1).
3. a waist-length garment worn for protective purposes: a bulletproof vest.
4. a sleeveless, waist- or hip-length garment made of various materials, with a front opening usually secured by buttons, a zipper, or the like, worn over a shirt, blouse, dress, or other article for style or warmth: a sweater vest; a down vest.
5. British. an undervest or undershirt.
6. a long garment resembling a cassock, worn by men in the time of Charles II.
7. Archaic.
a. dress; apparel.
b. an outer garment, robe, or gown.
c. an ecclesiastical vestment.
–verb (used with object)
8. to clothe; dress; robe.
9. to dress in ecclesiastical vestments: to vest a bishop.
10. to cover or drape (an altar).
11. to place or settle (something, esp. property, rights, powers, etc.) in the possession or control of someone (usually fol. by in): to vest authority in a new official.
12. to invest or endow (a person, group, committee, etc.) with something, as powers, functions, or rights: to vest the board with power to increase production; to vest an employee with full benefits in the pension plan.
–verb (used without object)
13. to put on vestments.
14. to become vested in a person, as a right.
15. to devolve upon a person as possessor; pass into possession or ownership.
—Idiom
16. play it close to the vest, Informal. to avoid taking unnecessary risks.
Origin:
1375–1425; (n.) late ME < It veste robe, dress < L vestis garment; (v.) late ME < MF vestir < L vestīre to clothe, deriv. of vestis; akin to wear

Related forms:
vestless, adjective
vestlike, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
Cite This Source Link To Vesting
vest   (věst)   
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.

    1. Archaic Clothing; raiment.

    2. 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.

  2. To dress oneself, especially in ecclesiastical vestments.


[French veste, robe, from Italian vesta, from Latin vestis, garment; see wes-2 in Indo-European roots.]
vest·ing   (věs'tĭng)   
n.  The granting to an employee of credits toward a pension even if separated from the job before retirement.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Slang Dictionary
vest

  1. n.
    an important businessman or businesswoman. (See also suit.) : Some vest jumped out the window this afternoon.
  2. n.
    a bullet-proof vest. : The cop wasn't wearing a vest, and the shot killed him.
Dictionary of American Slang and Colloquial Expressions by Richard A. Spears.Fourth Edition.
Copyright 2007. Published by McGraw Hill.
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Word Origin & History

vest  (v.)
c.1425, "to put in possession of a person," from M.Fr. vestir, from M.L. vestire "to put into possession, to invest," from L. vestire "to clothe," related to vestis "garment, clothing," from PIE *wes- "to clothe" (see wear). Vested "established, secured, settled" is attested from 1766.
Online Etymology Dictionary, © 2001 Douglas Harper
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Financial Dictionary

Vesting

The process by which employees accrue non-forfeitable rights over employer contributions that are made to the employee's qualified retirement plan account.

Investopedia Commentary

Generally, non-forfeitable rights accrue based on the number of years of service performed by the employee. The exact requirements are specified in the plan document, which also contains any applicable regulations. Employees are always 100% vested in salary-deferral contributions as well as SEP and SIMPLE employer contributions.

Related Links

The 401(k) and Qualified Plans Tutorial
Changes In Cash-Out Rules For Qualified Plans

See also: 401k Plan, Employee Stock Option (ESO), Option, Pension Plan

Also spelled: vest

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Legal Dictionary

Main Entry: vest
Function: verb
Etymology: Anglo-French vestir, literally, to clothe, from Old French, from Latin vestire
transitive verb 1 a : to place in the possession, discretion, or province of some person or authority vested in a Congress of the United States —U.S. Constitution article I> vests jurisdiction in the appeals court>; specifically : to give to a person a fixed and immediate right of present or future enjoyment of (as an estate) vested in the beneficiary> b : to grant or endow with a particular authority, right, or property <vest a judge with discretion> intransitive verb : to become vested; specifically : to entitle one unconditionally to the payment of pension benefits upon termination or retirement vest after ten years with the company> —compare MATURE
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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