VESTED INTEREST • DICCIONARIO INGLES.COM • 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

... once into Admiral Darling's employment was to obtain a vested interest; so kind was his nature and so forgiving, especially when he had scolded anybody. Mr. Swipes, the head gardener for so many years, held an estate of freehold in the garden—although he had no head, and would never be a gardener, till the hanging gardens of Babylon should be hung ...

— Springhaven - A Tale of the Great War • R. D. Blackmore

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