What is the meaning of conflict of interest?

conflict of interest is a situation in which a person may realize personal benefit from decisions or actions he or she may take on behalf of something the person is entrusted to manage or care for. For example, a director of a savings association would have a conflict of interest approving loans to companies in which the director has a personal interest.

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APABarry Goldsmith. (2010). conflict of interest. Retrieved September 28, 2026, from http://smartdefine.org/conflict_of_interest/definitions/1150508
ChicagoBarry Goldsmith. 2010. "conflict of interest" http://smartdefine.org/conflict_of_interest/definitions/1150508 (accessed September 28, 2026).
HarvardBarry Goldsmith 2010, conflict of interest, Smart Define, viewed 28 September, 2026, <http://smartdefine.org/conflict_of_interest/definitions/1150508>.
MLABarry Goldsmith. "conflict of interest" 21 October 2010. Web. 28 September 2026. <http://smartdefine.org/conflict_of_interest/definitions/1150508>
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