Right, secured (vested interest)

In financial market contracts, generally the power to take possession and ownership of an asset at a later date (a fixed interest in an asset, although the right of possession, use and enjoyment may be deferred until some future date or until the happening of some specified event). – In the case of a pension fund, the right of the employee to acquire an entitlement from the employer’s paid-in amounts after a specified period of time. According to the EU Pension Fund Directive, an employee’s own contributions must be credited in any case (employees are always fully vested in their own contributions). – See vesting period, pension fund.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
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