Outrageously Funny Word Dictionary :: Vestral

👉 Vestralization is a financial term that refers to the process of exchanging one security's rights and obligations with another security, often in exchange for cash. Vesting is the transfer of ownership or control of securities from one person to another. In this context, the term "vestralization" refers to the act of converting the rights and responsibilities of an existing security (the "primary security") into a new, independent security (the "secondary security"). This can be done through various means such

vestralization

👉 Vestral, also known as a vestro, is a type of garment that is worn over the shoulders and features a wide collar and long sleeves. It has been used for centuries in various cultures around the world, serving various purposes such as protection against cold weather or as a fashion accessory. The term "vestral" itself comes from the Latin word "vestus," which means "to cover."

vestral