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What is tenure?
ChatGPT said:
Tenure means permanent employment status, usually in universities.
In academia, tenure is a contract that protects a professor from being fired without cause after a probationary period (often 5–7 years). It is meant to guarantee academic freedom.
In employment law more generally, "tenure" just refers to the length of time someone has been in a job or role.
In property law (especially in the UK), tenure means the conditions under which land or property is held (e.g. freehold, leasehold).
Do you want the academic sense, the workplace sense, or the legal/property sense?
What is vested?
ChatGPT said:
Vested means a legal right or entitlement has become fully owned and cannot be taken away.
Employment/benefits: When pension contributions or stock options are vested, the employee has earned the right to them even if they leave the company.
Property/law: A vested interest is one that is secured and enforceable now, not just a future possibility.
General: Having a guaranteed right, often after meeting certain conditions.
Do you want me to unpack it in the pensions/finance sense or the legal/property sense?