Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Define vesting
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The process by which a secured the right of present or future deployment is given to the holder immediately is known as vesting. A “vesting right” secure right of the holder in an asset in such a way that it can’t be taken away by any third party under any circumstances.
Vesting is done for almost every qualified retirement plan offered by an organization. In any qualified retirement plan or pension plan, an account is open for the employee and contribution from the employer is also made in that account only.
Even though the contribution is made by the employer also an employer can’t withdraw or claim that amount.
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