A more thorough explanation:

Definition: A vessel is a ship, boat, or any other watercraft that is used or capable of being used to navigate on water. To be considered a vessel under the Jones Act, the structure must have the purpose of transporting passengers, cargo, or equipment across navigable waters.

Examples: Examples of vessels include ships, brigs, sloops, and other crafts that are used for transportation on water. A foreign vessel is a vessel owned by residents of or sailing under the flag of a foreign nation. A public vessel is a vessel owned and used by a nation or government for its public service, such as in its navy or revenue service. A seagoing vessel is a vessel that carries passengers for hire and engages in substantial operations beyond the boundary line dividing inland waters from the high seas. A seaworthy vessel is a vessel that can withstand the ordinary stress of wind, waves, and other weather that seagoing vessels might ordinarily encounter.

Explanation: The definition of a vessel is any watercraft that is used or capable of being used for transportation on water. The examples illustrate the different types of vessels that exist, such as foreign vessels, public vessels, seagoing vessels, and seaworthy vessels. These examples help to clarify the different contexts in which the term vessel is used and the different requirements that must be met for a watercraft to be considered a vessel under the law.

Definition: To vest means to confer ownership of property upon a person, invest a person with the full title to property, or give a person an immediate, fixed right of present or future enjoyment. In historical contexts, to vest also meant to put a person into possession of land by the ceremony of investiture.

Examples: An example of vesting is when a company grants stock options to an employee, which vests over a period of time. This means that the employee gains ownership of the stock options gradually, rather than all at once. Another example is when a trust is created, and the assets are vested in the trustee, who manages them for the benefit of the beneficiaries. In historical contexts, vesting referred to the ceremony of investiture, which was a formal way of transferring ownership of land from one person to another.

Explanation: The definition of vesting is the process of conferring ownership or a fixed right of enjoyment upon a person. The examples illustrate how vesting works in different contexts, such as in the granting of stock options or the creation of a trust. These examples help to clarify the different ways in which vesting can be used and the different legal implications of vesting in different situations.