Meaning of the word "in the interest of" in English

What does "in the interest of" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

in the interest of

US /ɪn ðə ˈɪn.trəst ʌv/
UK /ɪn ðə ˈɪn.trəst ɒv/
"in the interest of" picture

Phrase

for the benefit or advantage of

Example:
In the interest of public safety, the event was canceled.
We need to act quickly in the interest of time.