verb
vest
To grant or acquire a legally secured right, power, or ownership.
The charter vests authority in the board.
Etymology
The source means clothing someone. Legal vesting figuratively clothes a person with an established right, authority, or ownership.
More examples
- Her retirement benefits vested after five years.
- Ownership will vest in the trust.
- The office is vested with limited powers.
Forms
vest · vests · vested · vesting
vested adjective — securely established as a right