A financial, emotional, reputational, or other personal interest in any matter held by a person having authority over the same matter. Tking advantage of authority over such a self-serving personal interest may be considered criminal. At the very least, it is usually harmful to others.
Most legislators either already have been, or eventually become lawyers, so they abuse their conflict of interest over legislation to make sure that laws are conducive to the job security of lawyers and legislators.
by Downstrike May 22, 2004
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A Nuclear Conflict of Interest happens when elected Leaders give their support to the Nuclear Industry because they have received some form of Nuclear Payback without disclosing it to the public.
The number of Political Leaders that are being given money by the Nuclear Industry is rapidly increasing, is that the real reason we are being forced to accept more nuclear reactors and isn't that a Nuclear Conflict of interest?
by CaptD August 29, 2012
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An unfair-to-the-customer motivation that money-hungry banks have to maintain someone's having to make payments on a loan for as long as possible.
I borrowed a thousand dollars from a local credit-union so that I could pay some local tradespeople to perform much-needed repairs on my home and vehicle. But then as it turned out, these "over-booked with repair-jobs" folks were not able to get to my repairs as soon as they'd expected, and so I didn't need the loaned money nearly so soon as I'd thought I would; I realized that I'd likely be able to pay the carpenters and mechanics "on my own" just with extra-frugality-saved funds over the next few months. So I merely returned the thousand dollars to the credit union within just two or three months after I'd taken out the loan; the clerk seemed none to pleased, since they'd only made about 22 bucks extra in the deal, instead of maybe close to a hundred if I'd taken a year to pay it all back, the way they had expected me to. Guess there was a little conflict of interest there.
by QuacksO November 24, 2019
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