Other Definitions
vested interest (dict)
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Vested InterestVested interests are people or groups who stand to gain - usually financially - from some policy, often a public policy. A person can also be said to have a vested interest. For example, a Local Councillor or Member of Parliament may own shares in a company which is being considered for a profitable Public Contract. Elected Representative are usually required to declare all relevant vested interests. Failing to declare any vested interest is seen as corruption. An Elected Representative is a person who has won a democratic election.
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