Conflict-of-interest meaning

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.

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

noun
0
0
A conflict between a person's private interests and public obligations.
noun
0
0
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.
noun
0
0
The real or apparent conflict between one’s personal interest in a matter and one’s duty to another or to the public in general regarding the same matter.
noun
0
0
The real, apparent, or potential conflict between the duty owed to one in a matter and the duty owed to another regarding the same matter, especially if the person who owes the duty is a lawyer (such as one who represents two defendants in the same case).
noun
0
0
Advertisement
(law) A situation in which someone in a position of trust, such as a lawyer, insurance adjuster, a politician, executive or director of a corporation or a medical research scientist or physician, has competing professional or personal interests.
noun
0
0