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WHAT DOES VESTED MEAN?

1)Present ownership rights.

2)Defines the availability for a participant to an entitlement such as an option or share holding.

You're probably looking for this definition that I found on Dictionary.com.

"1. held completely, permanently, and inalienably: vested rights. "

what is the history of the wheel

vest·ed (vĕs'tĭd)
adj.
Law. Settled, fixed, or absolute; being without contingency: a vested right.
Dressed or clothed, especially in ecclesiastical vestments.

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