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Definition of Conflict of interest
1. Noun. A situation in which a public official's decisions are influenced by the official's personal interests.
Generic synonyms: Situation
Medical Definition of Conflict of interest
1. A situation in which a private person might benefit from his official or professional actions. It includes a conflict between his private interests or finances and his official responsibilities in his position of trust. The term is not restricted to private finances nor to only government officials. The concept refers both to actual or proven conflict of interest and the appearance or perception of conflict. (12 Dec 1998)