### Question
How is the term conflict of interest defined?


### Answer
The term **conflict of interest** is defined in *7 U.S.C. § 7412* as the following:

> a situation in which a member or employee of a board has a direct or indirect financial interest in a person that performs a service for, or enters into a contract with, a board for anything of economic value

#### Citation:
  - *7 U.S.C. § 7412*
  - Heading: **CHAPTER 101-AGRICULTURAL PROMOTION > SUBCHAPTER II-ISSUANCE OF ORDERS FOR PROMOTION, RESEARCH, AND INFORMATION ACTIVITIES REGARDING AGRICULTURAL COMMODITIES**

