WordValenoun
vesting
earning full rights to benefits or shares over time
In more detail
1. (noun) the process of earning the right to receive benefits such as pension payments or stock options, usually over a period of time
2. (noun) the transfer of ownership or control of property to someone
Examples
- 1. The company offers a four-year vesting schedule for its stock options.
- 2. After vesting of the estate, the property became legally his.
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