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What does vesting mean?

Looking for the meaning or definition of the word vesting? Here's what it means.

Noun
  1. (law) The entitlement of an employee to receive the full benefit of a pension at normal retirement age or a reduced pension upon early retirement even upon change of employer before retirement.
  2. (law) The entitlement of an employee to exercise a stock option after a predetermined period of time.
  3. Cloth for making vests.
  4. A vest pattern.
Verb
  1. present participle of vest
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