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Transportation 101

Transportation and Business Terms

vesting:

In law vesting is to give an immediately secured right of present or future enjoyment. Basically that means being able to take full advantages of the asset in which one is vested. Typically this term is used in conjunction with a retirement plan such as a 401k or pension plan. Vesting provisions also apply to employee stock options. Once a person is vested the employer cannot forfeit their right to the money or other asset.

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