Vested Meaning: Definition, Examples, and Translations
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vested
[หvษstษชd ]
Definitions
legal context
The term 'vested' refers to a right or interest that is secured and cannot be revoked. This term is often used in legal and financial contexts, such as when discussing property rights, benefits, or interests that have been granted to an individual. For instance, a vested pension plan means that the individual has a right to the benefits accrued over time, usually after meeting certain conditions. It's important to understand that vested interests offer a degree of certainty to individuals regarding their rights and benefits.
Synonyms
confirmed, established, secured.
Examples of usage
- He has a vested interest in the success of the company.
- The employee's pension rights became vested after five years.
- Her vested rights in the property were confirmed by the court.
formal context
To vest means to confer or invest a right or property in someone. In a legal context, when a right is vested, it means that it has been granted to an individual in such a way that it cannot be taken away. This term is commonly used in discussions about retirement plans, property rights, and other interests where a legal guarantee is involved. For example, once a property is vested in someone's name, they have full ownership and the ability to transfer or sell it.
Synonyms
Examples of usage
- The final decision will vest authority in the committee.
- The trust was set up to vest assets for the beneficiaries.
- They sought to vest control over the project to the board.
Translations
To see the translation, please select a language from the options available.
Interesting Facts
Law
- In legal contexts, vested rights refer to rights that cannot be taken away without due process; for example, an employee's pension benefits.
- Real estate can have vested interests, which means you have a legal claim that can't easily be disputed.
Finance
- In finance, a vested interest usually refers to the amount of benefits an employee has earned from a retirement plan that they can't lose.
- Companies often have vesting schedules for stock options, which means you gain ownership over time.
Culture
- In the context of social issues, vested interests can refer to individuals or groups that benefit from maintaining the status quo, often resisting change.
- The phrase 'vested interest' can symbolize a protective stance over one's possessions or advantages, reflecting human nature's tendency to safeguard what we have.
Literature
- In classic literature, characters with vested interests often grapple with moral dilemmas, showcasing the tension between personal gain and ethical responsibility.
- Vested interests have been a theme in political literature, highlighting how personal benefits can influence decisions and relationships.
Origin of 'vested'
Main points about word origin
- The word comes from the Latin 'vestire,' which means 'to dress.' It implies being 'dressed' in rights or ownership.
- In legal terms, 'vested' started being used in the English language around the 15th century to describe property rights.
The word 'vested' originates from the Latin word 'vestire', which means 'to dress' or 'to clothe'. In English, it began to be used in a legal context in the 15th century, primarily referring to rights and interests that are fully conferred or secured. Throughout the centuries, it has evolved, with its primary associations being around property, investment, and legal rights. By the 18th century, the term had become common in discussions regarding pensions and benefits, referring to employees having secured rights to benefits after a certain period of service. In contemporary usage, 'vested' often implies not just ownership, but also an interest in the welfare of something, especially in business and legal environments.