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1 : fully and absolutely established as a right, benefit, or privilege
: not dependent on any contingency or condition
: not subject to forfeiture if employment terminates before retirement [ pension benefits]
2 : having a vested interest [a employee] [a beneficiary]
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.