levested
Levested is a rarely used term in corporate law and finance that denotes the reversal or withdrawal of a previously granted vested interest. In this sense, to levest would mean that an asset or right that had become exercisable or owned reverts to an unvested or forfeitable status. The term is not part of standard legal dictionaries and does not have a fixed, widely accepted definition. It appears only sporadically in legal commentary, draft plans, or discussions of equity compensation, and is often used inconsistently or as a neologism.
In practice, phenomena described as levesting would typically be handled through established mechanisms such as forfeiture,
Because levested is not standardized, readers should rely on defined terms in the relevant agreement and prefer