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Meaning of conflict of interest

con'flict of in'terest

Pronunciation: [key]
  1. the circumstance of a public officeholder, business executive, or the like, whose personal interests might benefit from his or her official actions or influence: The senator placed his stocks in trust to avoid possible conflict of interest.
  2. the circumstance of a person who finds that one of his or her activities, interests, etc., can be advanced only at the expense of another of them.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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