conflict of interest
A 'conflict of interest' arises when personal or financial interests clash with professional duties, potentially compromising impartiality.
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Definition
C1Professional Ethics
(formal, legal)A situation where personal or financial interests may influence professional judgment or decision-making.
Example
- A board member's conflict of interest was questioned when they voted on a contract benefiting their own company.
C1Business
(formal)When an individual's personal interests potentially interfere with their professional responsibilities.
Example
- The manager disclosed a conflict of interest due to his investment in a competing firm.
C1Law
(technical)A situation where a person in a position of trust has competing interests that could affect their impartiality.
Example
- The judge recused herself from the case to avoid any conflict of interest.
Similar
Terms that have similar or relatively close meanings to "conflict of interest":