Having the rights of ownership, although enjoyment of those rights may be delayed until a future date.

Use vested in a sentence

He had a vested interest in the man and wanted to see if he would come play for him and his team.

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Jim has a vested interest in ensuring that his company remains profitable; he is the CEO and primary shareholder, after all.

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The executive was compensated heavily with performance based vested options which could be exercised after 5 years which ensured his focus on both short term and long term success.

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PBGC fully vested