Definitions for conflict of interest
con·flict of in·ter·est

Princeton's WordNetRate this definition:4.0 / 1 vote

1. conflict of interestnoun

   a situation in which a public official's decisions are influenced by the official's personal interests

WiktionaryRate this definition:0.0 / 0 votes

1. conflict of interestnoun

   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.

ChatGPTRate this definition:0.0 / 0 votes

1. conflict of interest

   A conflict of interest refers to a situation where an individual or entity has competing interests or loyalties, which could potentially affect or interfere with their ability to make impartial, unbiased decisions. In such scenarios, a personal or financial interest could compromise the individual's responsibility towards their job, role or duty. Conflicts of interest are generally considered unethical and can occur in various fields like business, law, politics, among others.

WikidataRate this definition:4.5 / 2 votes

1. Conflict of interest

   A conflict of interest occurs when an individual or organization is involved in multiple interests, one of which could possibly corrupt the motivation for an act in another. The presence of a conflict of interest is independent from the execution of impropriety. Therefore, a conflict of interest can be discovered and voluntarily defused before any corruption occurs. A widely used definition is: "A conflict of interest is a set of circumstances that creates a risk that professional judgement or actions regarding a primary interest will be unduly influenced by a secondary interest." Primary interest refers to the principal goals of the profession or activity, such as the protection of clients, the health of patients, the integrity of research, and the duties of public office. Secondary interest includes not only financial gain but also such motives as the desire for professional advancement and the wish to do favours for family and friends, but conflict of interest rules usually focus on financial relationships because they are relatively more objective, fungible, and quantifiable. The secondary interests are not treated as wrong in themselves, but become objectionable when they are believed to have greater weight than the primary interests. The conflict in a conflict of interest exists whether or not a particular individual is actually influenced by the secondary interest. It exists if the circumstances are reasonably believed to create a risk that decisions may be unduly influenced by secondary interests.

U.S. National Library of MedicineRate this definition:0.0 / 0 votes

1. Conflict of Interest

   A situation in which an individual might benefit personally from official or professional actions. It includes a conflict between a person's private interests and official responsibilities in a position of trust. The term is not restricted to government officials. The concept refers both to actual conflict of interest and the appearance or perception of conflict.

Matched Categories

1. • Situation

How to pronounce conflict of interest?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say conflict of interest in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of conflict of interest in Chaldean Numerology is: 6

2. Pythagorean Numerology

   The numerical value of conflict of interest in Pythagorean Numerology is: 6

Examples of conflict of interest in a Sentence

1. Tom Evans:

   At face value, the head of a national oil company is obviously facing a massive conflict of interest.

2. Donald Trump:

   That pipeline goes from Canada, the birthplace of Ted Cruz ... all the way to Texas, maybe there's a conflict of interest!

3. Lois Boynton:

   The situation does raise concerns about conflict of interest, which is something any network must address, regardless of their trust in their personnel to be fair in determining what they cover and how they cover it.

4. European Securities and Markets Authority:

   PFOF raises serious investor protection concerns, pFOF causes a clear conflict of interest between the firm and its clients, because it incentivises the firm to choose the third party offering the highest payment, rather than the best possible outcome for its clients when executing their orders.

5. Patrick Shanahan:

   Patrick Shanahan has at all times remained committed to upholding Patrick Shanahan ethics agreement filed with the DoD. This agreement ensures any matters pertaining to Boeing are handled by appropriate officials within the Pentagon to eliminate any perceived or actual conflict of interest issue with Boeing.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=conflict of interest
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Conflict_of_Interest
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=conflict of interest