conflict of interest

noun

the circumstance of a public officeholder, business executive, or the like, whose personal interests might benefit from his or her official actions or influence: The senator placed his stocks in trust to avoid possible conflict of interest.

the circumstance of a person who finds that one of his or her activities, interests, etc., can be advanced only at the expense of another of them.

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Origin:
1950–55

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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a stew of meat, vegetables, potatoes, etc.

a screen or mat covered with a dark material for shielding a camera lens from excess light or glare.

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conflict of interest definition

A situation in which someone who has to make a decision in an official capacity stands to profit personally from the decision. For example, a judge who rules on a case involving a corporation in which he or she owns stock has a conflict of interest.

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Matching Quote

"When we think offhand of a politician, we think of a man who works for a partial interest. At the worst it is his own pocket. At the best it may be his party, his class, or an institution with which he is identified. We never feel that he can or will take into account all the interests concerned, and because bias and partisanship are the qualities of his conduct, we feel, unless we are naively afflicted with the same bias, that he is not to be trusted too far. Now the word "statesman," when it is not mere pomposity, connotes a man whose mind is elevated sufficiently above the conflict of contending parties to enable him to adopt a course of action which takes into account a greater number of interests in the perspective of a longer period of time."

-Walter Lippman