Vest Legal Meaning and Definition

Here is a simplified definition of the legal term Vest.

Vest (verb)

When someone gives you something like a right, property, or income, and you don't have to do anything in return to keep it, that process is called "vesting". You become the new owner and can enjoy any benefits that come with it.

To use in a sentence: "My boss decided to vest the ownership of the company car to me."