Question
Updated on
29 Nov 2022
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English (US)
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Question about English (US)
What does vested rights mean?
What does vested rights mean?
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29 Nov 2022
Featured answer
- English (US)
To be VESTED means to fully own a right or benefit, to have the power or authority to act.
Some examples:
After five years of service at this American company, David is now fully vested in the pension plan. I’ve heard it can take longer elsewhere.
And the minister said, “By the power vested in me, I now pronounce you husband and wife.”
TO HAVE A VESTED INTEREST OR RIGHT means you partially or totally own a business or project. You have a financial interest and could therefore be affected by the results. (You can win or lose).
Example:
Mr. Johnson has a vested interest in this project. He can rightfully claim the assets he has contributed here.
I hope this helps. :)
Highly-rated answerer
Read more comments
- English (US)
To be VESTED means to fully own a right or benefit, to have the power or authority to act.
Some examples:
After five years of service at this American company, David is now fully vested in the pension plan. I’ve heard it can take longer elsewhere.
And the minister said, “By the power vested in me, I now pronounce you husband and wife.”
TO HAVE A VESTED INTEREST OR RIGHT means you partially or totally own a business or project. You have a financial interest and could therefore be affected by the results. (You can win or lose).
Example:
Mr. Johnson has a vested interest in this project. He can rightfully claim the assets he has contributed here.
I hope this helps. :)
Highly-rated answerer
- Korean
- English (US)
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