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Meaning of “conflict of interest” in the English Dictionary

"conflict of interest" in American English

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conflict of interestnoun [C]

us   /ˈkɑn·flɪkt əv ˈɪn·trəst, ˈɪn·tər·əst/
a situation in which someone’s private interests are opposed to that person's responsibilities to other people: Council members should avoid any potential conflict of interest.
(Definition of conflict of interest from the Cambridge Academic Content Dictionary © Cambridge University Press)

"conflict of interest" in Business English

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conflict of interestnoun [C or U]

uk   us   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 from the Cambridge Business English Dictionary © Cambridge University Press)
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