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Conflict of interest
A situation in which a person's private interests are in conflict with the public interest that he is entrusted with representing. For example, if a legislator has investments in a certain business, and that business stands to benefit or lose by a particular piece of legislation, he is involved in a conflict of interest. He may choose to declare this conflict and abstain from voting. If he does not, he runs the risk of later being accused of unethical conduct.
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- Part of Speech: noun
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- Industry/Domain: Politics
- Category: Political Science
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