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conflict of interest

The definition of a conflict of interest is a situation where someone is supposed to act one way but has incentive to act in another way.

(noun)

An example of a conflict of interest is when a city council member approves a housing development in which he holds part ownership.

See conflict of interest in Webster's New World College Dictionary

a conflict between one's obligation to the public good and one's self-interest, as in the case of a public officeholder who owns stock in a company seeking government contracts

See conflict of interest in American Heritage Dictionary 4

noun pl. conflicts of interest

A conflict between a person's private interests and public obligations.

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