The will's executor then works with the probate court to distribute the estate according to the deceased's wishes and state law. Before friends and family members receive their inheritance, the executor must use proceeds from the estate to pay off any outstanding debts the deceased left behind.
Glossary of economics terms and concepts. Meaning and definition of special-interest effect. Any result of government promotion of the interests (goals) of a small group at the expense of a much larger group. For the term special-interest effect may also exist other definitions and meanings, the meaning and definition indicated above are indicative not be used for medical and legal or special purposes.
conflict of interest. n. a situation in which a person has a duty to more than one person or organization, but cannot do justice to the actual or potentially adverse interests of both parties.ncompatibility of professional duties and personal interests has led Congress and many state legislatures to enact statutes defining conduct that constitutes a conflict of interest and specifying the sanctions for violations.