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conflict of interest

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conflict of interest

–noun
1. 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.
2. 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.

Origin:
1950–55
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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conflict of interest  
n.   pl. conflicts of interest
A conflict between a person's private interests and public obligations.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Cultural Dictionary

conflict of interest

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.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Legal Dictionary

Main Entry: con·flict of interest
Pronunciation: 'kän-"flikt-
1 : a conflict between the private interests and the official or professional responsibilities of a person in a position of trust
2 : a conflict between competing duties (as in an attorney's representation of clients with adverse interests) —see also ABA Model Rules of Professional Conduct in the IMPORTANT LAWS section
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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