Finance & Banking

Vesting

ˈvestɪŋ

noun

What does Vesting mean?

Earning full ownership of employer contributions over time.

Example sentence

"My 401(k) match vests over three years."

American usage tip

Leave early and you may lose unvested money.

Related Finance & Banking words

Cashback
A percentage of spending returned to you.
Index fund
A fund tracking a whole market index.
Credit freeze
Locking your credit file against fraud.
Interest rate
The cost of borrowing or reward for saving.
Wire transfer
A fast bank-to-bank money transfer.
Withholding
Tax taken from each paycheck automatically.
Checking account
The everyday account for spending and bills.
Utilization
The percentage of credit limit you're using.

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