Definition - vesting

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vesting
  1. provide with power and authority; "They vested the council with special rights"
  2. clothe formally; especially in ecclesiastical robes
  3. clothe oneself in ecclesiastical garments
  4. become legally vested; "The property vests in the trustees"
  5. place (authority, property, or rights) in the control of a person or group of persons; "She vested her vast fortune in her two sons"