What does conflict of interest mean?

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

Here are all the possible meanings and translations of the word conflict of interest.

Princeton's WordNet

  1. conflict of interest(noun)

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

Wiktionary

  1. conflict of interest(Noun)

    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.

Freebase

  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 Medicine

  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.

How to pronounce conflict of interest?

  1. Alex
    Alex
    US English
    Daniel
    Daniel
    British
    Karen
    Karen
    Australian
    Veena
    Veena
    Indian

How to say conflict of interest in sign language?

  1. conflictofinterest

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

Images & Illustrations of conflict of interest

  1. conflict of interestconflict of interestconflict of interestconflict of interestconflict of interest


Translations for conflict of interest

From our Multilingual Translation Dictionary

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"conflict of interest." Definitions.net. STANDS4 LLC, 2020. Web. 24 Feb. 2020. <https://www.definitions.net/definition/conflict+of+interest>.

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