vested


Also found in: Dictionary, Thesaurus, Financial, Idioms, Encyclopedia, Wikipedia.

vested

adj. referring to having an absolute right or title, when previously the holder of the right or title only had an expectation. Examples: after 20 years of employment Larry Loyal's pension rights are now vested. (See: vest, vested remainder)

vested

adjective bestowed, earned, empowered, established, owned, vouchsafed
Associated concepts: pension rights
References in periodicals archive ?
The employee recognizes compensation income (to the extent of the value of the contributions) in the first tax year in which his interest in the fund becomes substantially vested under Sec.
The Court of Appeals noted that ERISA does not prohibit a company from terminating or modifying previously offered health benefits that are not vested. Although ERISA contains a strict vesting requirement for pension benefits, it expressly exempts employee welfare benefit plans from that requirement.
At issue was not whether a beneficiary had a "present" or "future" interest, or a vested or contingent interest, but whether each of the trust beneficiaries held a sufficient interest in the property that would be eligible for the annual exclusion.
If deferred compensation is always vested (as in Alberton's), it is immediately subject to FICA tax; subsequent earnings, including interest, are not subject to FICA.
If disbursement of the loan were limited to 50% of the vested account balance for each separate account, P could have received a loan of $2,500 from his company contribution account and $7,500 from his Sec.
A partner who receives a partnership interest in exchange for services generally will not be treated as a partner for tax purposes until that interest has become substantially vested. Thus, Gary was not taxed as a partner of Eagle until July 1, 1991.
Reportedly, the PSUs vested at 75% of the original grant, which means that a total of 17,406 PSUs have been cancelled.
Vested is an integrated communications firm focused on the future of finance.
Vested, the fastest-growing communications firm in the world according to recent industry rankings released by Holmes Report, established Vested Ventures in February to make strategic investments in and provide communications services to startup companies in the finance and technology space.
Vested plans to use the funding to expand company operations and offices in Austin, San Francisco, and Washington, D.C.
The restrictions on deferral elections and distributions apply to deferred compensation that becomes vested, or is granted, on or after Jan.
Being vested can lend a formality that is certainly appropriate when it takes place in a church or at a conference with an assembly gathered.