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- DictionaryCon·flict of in·ter·est
noun
- 1. a situation in which the concerns or aims of two different parties are incompatible: "the conflict of interest between elected officials and corporate lobbyists"
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A conflict of interest is a set of conditions in which professional judgment concerning a primary interest (such as a patient's welfare or the validity of research) tends to be unduly influenced by a secondary interest (such as financial gain).
noun [ C ] us / ˈkɑn·flɪkt əv ˈɪn·trəst, ˈɪn·tər·əst / Add to word list. a situation in which someone’s private interests are opposed to that person's responsibilities to other people: Council members should avoid any potential conflict of interest.
Conflict of Interest | Ethics Defined. Watch on. Conflict of Interest. A conflict of interest arises when what is in a person’s best interest is not in the best interest of another person or organization to which that individual owes loyalty.
conflict of interest. noun [ C ] us / ˈkɑn·flɪkt əv ˈɪn·trəst, ˈɪn·tər·əst /. Add to word list Add to word list. a situation in which someone’s private interests are opposed to that person's responsibilities to other people: Council members should avoid any potential conflict of interest.
A conflict of interest refers to the ethical problems that may arise between parties with a preexisting relationship. In law, a conflict of interest arises between an attorney and a client if the interests of the attorney, a different client, or a third-party conflict with the interests of the present client.
Conflict of interest definition: the circumstance of a public officeholder, business executive, or the like, whose personal interests might benefit from their official actions or influence. See examples of CONFLICT OF INTEREST used in a sentence.
CONFLICT OF INTEREST meaning: a problem caused by having official responsibilities that involve things that might be helpful or harmful to you.