/vɛst/ – verb
Definition: 1. ban, trao, phong (quyền chức);
2. thuộc về;
3. phát sinh, chuyển dịch sang.
A more thorough explanation: In legal terms, the word “vest” refers to the point at which a person obtains an absolute right to a particular asset or property interest. When an individual’s rights become vested, they have full ownership and control over the asset or property, and those rights are typically no longer subject to any conditions or restrictions.
Example: Upon completion of the merger, all rights and obligations will vest in the surviving company.