Meaning of “conflict of interest” in the English Dictionary

business-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)