VESTED INTEREST • FREE TRANSLATOR.ORG • Definition of Vested interest

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noun

Vested interest n.

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.

A right given to an employee by a pension plan, which cannot be taken away.

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

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Etymology of 'Vested interest'

Collaborative International Dictionary of English 0.48

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"Vested interest" Quotes from Famous Books

... visiting Leopold at Belgium, and has obtained the two concessions, and Leopold has obtained, or hopes he has obtained, the influence of many American shareholders. The fact that the people of the United States possessed no "vested interest" in the Congo was the important fact that placed any action on our part in behalf of that distressed country above suspicion. If we acted, we did so because the United States, as one of the signatory Powers of the Berlin Act, had promised to protect the natives of the Congo; ...

— The Congo and Coasts of Africa • Richard Harding Davis

Words linked to "Vested interest" : jurisprudence, interest group, military-industrial complex, law, stake