Business and Personal Finance Dictionary

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• VEST
  
  (1) to confer the right of immediate or future possession and use of property. (2) a designation of ownership or possession of property. For example: a title is said to vest in John Doakes. (3) a designation of the endowment of rights, power or authority. For example: the authority to regulate the thrift industry is vested by Congress in the Office of Thrift Supervision.
  
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