UK Accounting Glossary
An interest in property that is certain to come about rather than one dependent upon some event that may not happen. (or) An involvement in the outcome of some business, scheme, plan, transaction, usually in anticipation of some personal gain.
The first known use of the term “vested interest” was in 1818.
He had a vested interest in seeing the business sold, as he expected to make a substantial profit from the sale.
Given that the recent instability threatened the welfare of the former colonial power, Britain had a vested interest in maintaining the status quo in the region.
The organisation had a strong vested interest in the adoption of the new policies.
They had a vested interest in ensuring that their club remained exclusive as possible.
The committee is expected to ensure that they act independently of all vested interests.
Being a local landowner himself, Paul has a vested interest in the project being approved.
The ticketing agent also has a vested interest in keeping the event’s costs to a minimum.
A doctor and a police officer are both examples of professional people with a vested interest in helping people.
Based on the circumstances, it may be possible to form a vested interest group within the party.
In this respect, we have absolutely no vested interested in the proposals.
Some critics argue that some drug companies have a vested interest in disease – mongering.
Naturally, Newspapers have a strong vested interest in opposing the application of VAT to the written word.
Football supporters from football clubs around the world share the same vested interest in ground safety and comfort.
They are often fiercely competitive, and have a vested interest in establishing a reputation for reliability to both employees and employers.
The marketing department team has a direct and vested interest in superior quality assurance and innovative product development.
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This glossary post was last updated: 5th May 2019.