Vested interest

Vested interest
Vested interest Vest"ed interest 1. a special personal interest, usually financial, in an existing system, law, or institution, which hinders a person from making objective decisions regarding that system, law, or institution. A vested interest may be one which benefits a relative, or, in an extended sense, one which defends a person's own reputation or previously expressed views. [PJC]

2. a right given to an employee by a pension plan, which cannot be taken away. [PJC]

3. pl. the persons, corporations, or other groups which benefit most (usually financially) from the existing system of institutions, laws, and customs. [PJC]

The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

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  • vested interest — vest|ed in|ter|est [ ,vestəd ıntrəst ] noun singular a special reason for wanting things to happen in a particular way, because you will benefit from this: have a vested interest in (doing) something: Clearly, local businesses have a vested… …   Usage of the words and phrases in modern English

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