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Definition of Moral hazard
1. Noun. (economics) the lack of any incentive to guard against a risk when you are protected against it (as by insurance). "Insurance companies are exposed to a moral hazard if the insured party is not honest"
Category relationships: Economic Science, Economics, Political Economy
Generic synonyms: Endangerment, Hazard, Jeopardy, Peril, Risk
Generic synonyms: Endangerment, Hazard, Jeopardy, Peril, Risk
Definition of Moral hazard
1. Noun. (economics insurance) The prospect that a party insulated from risk may behave differently from the way it would behave if it were fully exposed to the risk. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Moral Hazard
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