Vesting is a common term used in business and finance to refer to the process of giving an employee or individual full ownership of a stock or asset. The word "vesting" consists of two syllables and is pronounced as ˈvɛstɪŋ or VEH-sting. The initial "v" sound is pronounced by bringing the lower lip together with the upper teeth, followed by a short "e" sound, and then a "st" sound. The final syllable ends with a nasal "ng" sound pronounced by lowering the soft palate.
Vesting is a legal and financial term that refers to the act of giving someone full ownership rights or absolute entitlement to a particular asset or property. It is a process by which the individual gains control over their vested interest in a specific asset, such as stocks, retirement funds, or company benefits.
In the context of employment, vesting commonly refers to the gradual accumulation of rights or benefits over a specific period of time. It is often related to retirement plans, employee stock options, and other forms of compensation. When an employee is said to be vested, they have reached a point where they can claim ownership or access to these benefits. The vesting schedule determines the specific timeline or conditions that must be met for full entitlement.
Vesting is often used to incentivize employees to stay with a company for a certain period of time. It helps to ensure loyalty and commitment by providing long-term benefits that only become accessible after a specific vesting period has been completed.
It's also important to note that vesting can vary depending on the specific context and agreements involved. Different organizations or jurisdictions may have unique rules and regulations regarding vesting periods, requirements, and conditions.
Overall, vesting is a critical concept that determines a person's rights and ownership over certain assets or benefits, allowing them to gain control and enjoy the full benefits of their entitlement over time.
Material for waistcoats.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
The word "vesting" comes from the Old French word "vestir" which means "to clothe" or "to dress". It ultimately traces back to the Latin word "vestire", with the same meaning. In English, the term "vesting" originally referred to the action of giving someone an article of clothing, particularly a robe or gown, as a symbol of authority or privilege. Over time, the meaning of the word expanded to include the act of granting someone full rights or ownership, especially in relation to property or benefits.