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English definition of “conflict of interest”

conflict of interest

noun [C or U]     (plural conflicts of interest)
LAW a situation in which someone cannot make a fair decision because they will be personally affected by the result : The mayor is himself involved in local businesses and has been accused of a conflict of interest .have/declare/avoid a conflict of interest Board members are required to declare a conflict of interest in the case of any contract that benefits that member's family .create/present/pose a conflict of interest Working for two companies need not necessarily pose a conflict of interest .
(Definition of conflict of interest noun from the Cambridge Business English Dictionary © Cambridge University Press)
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