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Words in Business News
By Jon Fernquest

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[Thai Economics Library | Archives (for history)]
April 27, 2007

Vest

vest (verb) - to give or place (rights, power, authority, beliefs)

a vested interest - a financial or personal interest in a company or a situation, a personal reason for wanting something to happen

x vested in y

x vested with y

a vested interest in y - a personal interest in y, what happens to y will affect you too


Example sentences:

* Overall authority for the country's well-being is vested in the country's King.

* He has been vested with the authority to do whatever he sees fit to solve the problem.

* Control over the water supply has been vested in local authorities.

* The country vested all its hopes in the newly elected government to revive the sluggish economy.

* Both the owners and the workers had a vested interest in having the factory remain open.

* All vested interests must reach a compromise before work on the project can begin.

* "It is also fairly common practice for believers to vest their faith in bettering their long-term future, luck and safety in sacred amulets and Buddhist ornaments, such as Jatukarm Ramathep."


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