Just call us Bond. Amortized bond.
Over 700 finance terms, Shmooped to perfection.
Vested refers to the act of having earned granted stock options in return for having remained at your job for a longish period of time, like 4 years. At least that's the "standard" vest provision in most Silicon Valley start-ups.
At Shmoop, we pay in 3 forms: Cash, peanuts, and options. Our fearless content leader, Deb, was given 100 options to start at Shmoop (and an ENORMOUS bag of peanuts). Her options carried a 5 year vest provision so that at the end of the first year, she was "vested" into 20 options, meaning that on her 1-year anniversary, she owned those options, no matter what. Then she had 4 more years or 48 more months on that grant of 80 remaining options and she vested into them 48/80 per month. She's only just turned 30 but this is what Shmoop has done to her: here she is.