vested

/'vestid/

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Word: Vested

Part of Speech: Adjective

Basic Definition: The word "vested" means that something is fixed, established, or secured and is not dependent on any conditions or future events. It often refers to rights, interests, or benefits that someone has and cannot lose.

Usage Instructions:

• Use "vested" when talking about rights or interests that are guaranteed and cannot be taken away.
• It is often used in legal or financial contexts.

Examples:

1. Legal Context: "He has a vested interest in the company's success because he owns a large number of shares."
2. Personal Rights: "After five years of service, she gained vested rights to her retirement benefits."

Advanced Usage:

• In legal terms, a "vested right" refers to a right that is secured and cannot be revoked. For example, once a person has a vested pension, it means the benefits are guaranteed regardless of future changes in the company.

Word Variants:

• The verb form is "vest," which means to give someone a right or interest in something. For example, "The company will vest the shares to the employees after three years."
• The noun form is "vestment," which refers to clothing worn during religious ceremonies, but it is a less common usage in everyday language.

Different Meanings:

1. In Finance: "Vested" can refer to benefits, like retirement funds, that are guaranteed after certain conditions are met.
2. In Law: It refers to rights that are established and cannot be revoked without due process.

Synonyms:

• Established
• Secured
• Fixed
• Guaranteed

Idioms and Phrasal Verbs:

• Vested interest: This phrase means having a personal stake or involvement in something, especially regarding personal gain. For example, "She has a vested interest in the outcome of the election because of her role in the campaign."
• Vesting period: This term refers to the time period an employee must work for a company before gaining full ownership of certain benefits, such as stock options or retirement funds.

Summary:

"Vested" is a word that signifies something that is secured and not subject to change. It is commonly used in legal and financial discussions to describe rights and benefits that are guaranteed.

Academic

Adjective

1. fixed and absolute and without contingency
   • a vested right