VESTED INTEREST • E-FREE TRANSLATION.COM • Definition of Vested interest

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/vˈɛstəd ˈɪntrəst/ Listen

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

... leads to this temple, and at which a woman demands from him twenty-five cents for the privilege of entrance. Let him by all means pay the twenty-five cents. Why should he attempt to see the falls for nothing, seeing that this woman has a vested interest in the showing of them? I declare that if I thought that I should hinder this woman from her perquisites by what I write, I would leave it unwritten, and let my readers pursue their course to the temple—to their manifest injury. But they will pay ...

— Volume 1 • Anthony Trollope

... eldest son, A youth renowned for waistcoats smart, I now have given (excuse the pun) A vested interest in my heart. Oh! ah! etc. Still round and ...

— The Complete Poems of Sir Thomas Moore • Thomas Moore et al

... peasants' rising, radical doctrines continued to spread among the people. As the poor found their spiritual needs best supplied in the conventicle of dissent, official Lutheranism became an established church, predominantly an aristocratic and middle-class party of vested interest ...

— The Age of the Reformation • Preserved Smith

... cooking gas, and the construction of natural gas pipelines and power plants. Progress on other economic reforms has been halting because of opposition from the bureaucracy, public sector unions, and other vested interest groups. Severe floods, lasting from July to October 1998, endangered the livelihoods of more than 20 million people. Foodgrain production fell by 4 million tons, forcing Dhaka to triple its normal foodgrain imports and placing severe pressure on Bangladesh's balance of payments. The floods increased ...

— The 1999 CIA Factbook • United States. Central Intelligence Agency.

... annual licenses when in their discretion they deem such renewal to be against the public good; or else that some measure of compensation must be enacted, whereby this wealthy liquor monopoly should have its huge financial profits made permanently secure by the grant from Parliament of a vested interest in their licenses. If after the passing of such a measure the Magistrates should, for the protection of the people, refuse the renewal of a license, the holder of that speculative public-house investment would be by ...

— The Use and Need of the Life of Carry A. Nation • Carry A. Nation

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