Examlex
Nozick rejects the notion of distribution of society's benefits based on equality or desert. He maintains that if we rightfully possess any goods (i.e., we obtained them legitimately), then we own them; they are not ours because we are entitled to equal shares of them or because we deserve them.
-Nozick insists that redistribution of goods does not violate people's rights.
Vesting
The process by which an individual earns the right to receive full benefits from a pension plan or stock option over time.
Purpose
The reason for which something is done or created or for which something exists.
Creditor Beneficiary
A third party that benefits from a contract between two other parties, particularly when one party promises to pay a debt owed to the creditor beneficiary by the other party.
Legal Duty
An obligation imposed by law upon an individual or entity to act or refrain from acting in a certain manner.
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