vested — UK US /ˈvestɪd/ adjective US HR, LAW, FINANCE ► vested shares, pension plans, etc. can be kept by an employee who has worked the necessary number of years for a particular company: »He chose to receive his vested benefits in a single lump sum… … Financial and business terms
vested — adjective Date: 1766 1. fully and unconditionally guaranteed as a legal right, benefit, or privilege < the vested benefits of the pension plan > 2. having a vest < a vested suit > … New Collegiate Dictionary
vested — vest·ed / ves təd/ adj 1: fully and absolutely established as a right, benefit, or privilege: not dependent on any contingency or condition; specif: not subject to forfeiture if employment terminates before retirement vested pension benefits 2:… … Law dictionary
Vested interest — Vest ed interest 1. a special personal interest, usually financial, in an existing system, law, or institution, which hinders a person from making objective decisions regarding that system, law, or institution. A vested interest may be one which… … The Collaborative International Dictionary of English
vested — Fixed; accrued; settled; absolute; complete. Having the character or given the rights of absolute ownership; not contingent; not subject to be defeated by a condition precedent. Rights are vested when right to enjoyment, present or prospective,… … Black's law dictionary
Vested Benefit Obligation - VBO — The actuarial present value of pension plan benefits belonging to employees of an organization. The vested benefit obligation (VBO) is one measure of a pension fund s liability. The VBO only considers benefits that have vested in an employee, as… … Investment dictionary
Vested Benefit — A financial incentive of employment that an employee is fully entitled to. Employers sometimes offer their employees benefits that they acquire full ownership of gradually or suddenly, as they accumulate more time with the company. This process… … Investment dictionary
Vested Interest — 1. The lawful right of an individual or entity to gain access to tangible or intangible property now or in the future. A vested interest is an entitled benefit, which can be conveyed to a separate party. There is usually a vesting period before… … Investment dictionary
vested interest — noun Date: 1818 1. an interest (as a title to an estate) carrying a legal right of present or future enjoyment; specifically a right vested in an employee under a pension plan 2. a special concern or stake in maintaining or influencing a… … New Collegiate Dictionary
vested — Having worked for a company the minimum amount of time necessary to qualify for various benefits. ► “National City launched an employee stock option plan . . . which rewards employees for their dedication by offering those employed on May 17,… … American business jargon
Fully Vested — A person s right to the full amount of some type of benefit, most commonly employee benefits such as stock options, profit sharing or retirement benefits. Fully vested benefits often accrue to employees each year, but they only become the… … Investment dictionary