conflict of interest
con·flict of interest /'kän-ˌflikt-/
1: a conflict between the private interests and the official or professional responsibilities of a person in a position of trust
2: a conflict between competing duties (as in an attorney's representation of clients with adverse interests) see also aba model rules of professional conduct in the important laws section

Merriam-Webster’s Dictionary of Law. . 1996.

conflict of interest
I noun conflict, divergent interests between clients, ethical breach, prohibiting acceptance or retention of a case, variance of interest between clients associated concepts: code of professional responsibility, disqualification II index disagreement

Burton's Legal Thesaurus. . 2006


conflict of interest
n.
An ethical dilemma in which a person is entrusted with two duties at odds with one another, in which attention to one duty will harm the other.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


conflict of interest
1) A real or apparent conflict between one's professional or official duties and one's private interests.
2) A situation where one duty conflicts with another — for example, if an attorney were to represent both parties in a divorce proceeding.
Category: Business, LLCs & Corporations
Category: Divorce & Family Law
Category: Small Claims Court & Lawsuits
Category: Wills, Trusts & Estates

Nolo’s Plain-English Law Dictionary. . 2009.


conflict of interest
n.
1 The real or apparent conflict between one's personal interest in a matter and one's duty to another or to the public in general regarding the same matter.
2 The real, apparent, or potential conflict between the duty owed to one in a matter and the duty owed to another regarding the same matter, especially if the person who owes the duty is a lawyer (such as one who represents two defendants in the same case).

Webster's New World Law Dictionary. . 2000.


conflict of interest
A term used to describe the situation in which a public official or fiduciary who, contrary to the obligation and absolute duty to act for the benefit of the public or a designated individual, exploits the relationship for personal benefit, typically pecuniary.

Dictionary from West's Encyclopedia of American Law. 2005.


conflict of interest
A term used to describe the situation in which a public official or fiduciary who, contrary to the obligation and absolute duty to act for the benefit of the public or a designated individual, exploits the relationship for personal benefit, typically pecuniary.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

conflict of interest
n.
   a situation in which a person has a duty to more than one person or organization, but cannot do justice to the actual or potentially adverse interests of both parties. This includes when an individual's personal interests or concerns are inconsistent with the best for a customer, or when a public official's personal interests are contrary to his/her loyalty to public business. An attorney, an accountant, a business adviser or realtor cannot represent two parties in a dispute and must avoid even the appearance of conflict. He/she may not join with a client in business without making full disclosure of his/her potential conflicts, he/she must avoid commingling funds with the client, and never, never take a position adverse to the customer.

Law dictionary. . 2013.

Look at other dictionaries:

  • conflict of interest — ˌconflict of ˈinterest noun conflicts of interest PLURALFORM [countable, uncountable] LAW a situation in which you cannot do your job fairly because you have the power to decide something in a way that would be to your advantage, although this… …   Financial and business terms

  • conflict of interest — n. a conflict between one s obligation to the public good and one s self interest, as in the case of a public officeholder who owns stock in a company seeking government contracts …   English World dictionary

  • conflict of interest — The circumstance of a person who finds that one of his activities, interests, etc. may have a contrary interest on another of his interests or activities. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • Conflict of interest — For other uses, see Conflict of Interest (disambiguation). A conflict of interest (COI) occurs when an individual or organization is involved in multiple interests, one of which could possibly corrupt the motivation for an act in the other. A… …   Wikipedia

  • conflict of interest — noun a situation in which a public official s decisions are influenced by the official s personal interests • Hypernyms: ↑situation * * * : a conflict between the private interests and the official responsibilities of a person in a position of… …   Useful english dictionary

  • conflict of interest — Term used in connection with public officials and fiduciaries and their relationship to matters of private interest or gain to them. Ethical problems connected therewith are covered by statutes in most jurisdictions and by federal statutes on the …   Black's law dictionary

  • conflict of interest — Term used in connection with public officials and fiduciaries and their relationship to matters of private interest or gain to them. Ethical problems connected therewith are covered by statutes in most jurisdictions and by federal statutes on the …   Black's law dictionary

  • Conflict Of Interest — A situation where a professional, or a corporation, has a vested interest which may make them an unreliable source. The interest could be money, status, knowledge or reputation for example. When such a situation arises, the party is usually asked …   Investment dictionary

  • conflict of interest — An incompatibility between an individual’s rights and responsibilities. *Rewards gained by an individual from a conflict of interest are generally regarded as unethical, and they may also breach legislation or Regulations. For example, an… …   Auditor's dictionary

  • conflict of interest — 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 …   Universalium

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