Only you can prevent house fires â or at least greatly lower the risk by keeping an eye out for these warning signs of trouble. (Photo: Thomas Skjaeveland/Shutterstock) Electrical malfunctions cause more than 50,000 house fires each year, according to Electrical Safety Foundation International. The majority can be prevented. To protect your own home, start by checking your fuse box or breaker panel for the date of your last inspection.
Legal Definition of vested. 1 : fully and absolutely established as a right, benefit, or privilege : not dependent on any contingency or condition; specifically : not subject to forfeiture if employment terminates before retirement vested pension benefits.
Vesting refers to ownership. Another way of looking at it is, if you have $10,000 in your retirement plan and you are 30% vested, you own $3,000. Your vested portion can never be reduced. If you leave your employer, the vested portion of your account can go with you or (in some cases) you can cash it out.