Definitions

1. noun

a piece of clothing that covers the upper part of the body, typically having sleeves and a front opening, often worn for warmth or as part of a uniform.

“She put on her winter vest to stay warm outside.”

2. verb

to put on a vest

“He vested his new employee with additional responsibilities.”

3. verb

to transfer or confer rights or property, especially in a church or charitable trust, to beneficiaries or recipients.

“The will vested the majority of the estate in the children.”

4. noun

a share or interest in property or assets, especially one that is not yet in possession but is expected to be received at a later time.

“The company’s employees will vest in their stocks after five years.”

5. noun

a type of investment, especially in a pension or retirement plan, where the employer contributes a portion of the employee’s salary to the employee’s account.

“The vesting schedule for the employee’s 401(k) plan is every two years.”