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.
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.

1805–15; vest (noun) + -ing1

nonvesting, adjective, noun Unabridged


a close-fitting, waist-length, sleeveless garment that buttons down the front, designed to be worn under a jacket.
a part or trimming simulating the front of such a garment; vestee. Compare dickey1 ( def 1 ).
a waist-length garment worn for protective purposes: a bulletproof vest.
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.
British. an undervest or undershirt.
a long garment resembling a cassock, worn by men in the time of Charles II.
dress; apparel.
an outer garment, robe, or gown.
an ecclesiastical vestment.
verb (used with object)
to clothe; dress; robe.
to dress in ecclesiastical vestments: to vest a bishop.
to cover or drape (an altar).
to place or settle (something, especially property, rights, powers, etc.) in the possession or control of someone (usually followed by in ): to vest authority in a new official.
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)
to put on vestments.
to become vested in a person, as a right.
to devolve upon a person as possessor; pass into possession or ownership.
play it close to the vest, Informal. to avoid taking unnecessary risks.

1375–1425; (noun) late Middle English < Italian veste robe, dress < Latin vestis garment; (v.) late Middle English < Middle French vestir < Latin vestīre to clothe, derivative of vestis; akin to wear

vestless, adjective
vestlike, adjective Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
vest (vɛst)
1.  T-shirt, US and Canadian equivalent: undershirt, Austral equivalent: singlet an undergarment covering the body from the shoulders to the hips, made of cotton, nylon, etc
2.  Austral equivalent: singlet a similar sleeveless garment worn as outerwear
3.  (US), (Canadian), (Austral) Also called (in Britain and certain other countries): waistcoat a man's sleeveless waistlength garment worn under a suit jacket, usually buttoning up the front
4.  obsolete any form of dress, esp a long robe
vb (foll by in) (foll by with)
5.  to place or settle (power, rights, etc, in): power was vested in the committee
6.  to bestow or confer (on): the company was vested with authority
7.  (usually foll by in) to confer (a right, title, property, etc, upon) or (of a right, title, etc) to pass (to) or devolve (upon)
8.  (tr) to clothe or array
9.  (intr) to put on clothes, ecclesiastical vestments, etc
[C15: from Old French vestir to clothe, from Latin vestīre, from vestis clothing]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

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.

1613, "loose outer garment" (worn by men in Eastern countries or in ancient times), from Fr. veste, from It. vesta, veste "robe, gown," from L. vestis, from vestire "to clothe" (see vest (v.)). The sleeveless garment worn by men beneath the coat was introduced by Charles II.
"The King hath yesterday, in Council, declared his resolution of setting a fashion for clothes .... It will be a vest, I know not well how; but it is to teach the nobility thrift." [Pepys, "Diary," Oct. 8, 1666]
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
The vesting of a stock award may be subject to performance criteria, continued
  service of the awardee, or both.
At more than half of the firms, no options were exercised within four years of
Accelerated vesting, early retirement, platinum parachutes abound in the fine
Higher base, smaller bonus, more of the bonus in equity with long term vesting.
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