Adverse Interest


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Adverse Interest

The legal right or liability of a person called to testify as a witness in a lawsuit that might be lost or impaired if the party who called him or her to testify wins the case.

This interest against the interest of the party calling a witness to the stand makes him or her an adverse or hostile witness. Although usually the party calling a witness to testify cannot impeach that person's credibility, if the person has an adverse interest, the testimony may be discredited by the party who called that witness to the stand.

adverse interest

n. a right or concern that is contrary to the interest or claim of another.

References in periodicals archive ?
A federal conn in Pennsylvania recognized in pari delicto, but examined whether die adverse interest exception prevented imputation of the wrongdoing.
There is a completed gift if the only way that the donor can revoke the gift or change the beneficiaries is with the consent of a person having a substantial adverse interest.
Commission members are being advised that, under the Governor's Code of Conduct and the State Adverse Interest Act, they should abstain from any council business in which they have any financial or personal interest, or if they anticipate in the future pursuing business interests with the commonwealth relating to specific recommendations or advice that the council might make to the governor.
The 'V1' fund volatility rating reflects the fund's low market risk and capacity to return stable principal value to meet anticipated cash flow requirements, even in adverse interest rate environments.
This sale furthers the strategy MutualFirst has subscribed to in order to better position the company in adverse interest rate environments.
With respect to the first exception, the court noted that a co-holder of a discretionary power to distribute trust assets, such as a bank, has no adverse interest merely because of its joint possession of the power.
Also a fiduciary cannot deal with assets in his own interest, act on behalf of anyone having an adverse interest or receive any personal consideration from any party dealing with the plan.
The 'V1' fund volatility rating reflects low market risk and a capacity to return stable principal value to meet anticipated cash flow requirements, even in adverse interest rate environments.
Such factors include particularly, but are not limited to, the possibility of prolonged adverse economic conditions or that an adverse interest rate environment could develop.
This adverse interest between the buyer and seller gave the allocation of a fixed purchase price to individual assets a measure of credibility.
The fund's 'V1' fund volatility rating reflects low market risk and a capacity to return stable principal value to meet anticipated cash flow requirements, even in adverse interest rate environments.
Several of the rule changes provide that when minors testify or are subpoenaed, they have the right to be accompanied by a parent or guardian, unless it is determined that parent or guardian would have a negative impact on the minor or has an adverse interest to the minor.