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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"
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
Literary usage of Moral hazard
Below you will find example usage of this term as found in modern and/or classical literature:
1. The Insurance Year Book by Spectator insurance yearbook (1889)
"Breweries—Ordinarily moral hazard moderate ; look out for explosions of dust,
... Carriage and Wagon Factories—Exposures important ; watch moral hazard ..."
2. Journal by Chartered Insurance Institute (1908)
"Ix its simplest form the element of moral hazard in Fire Insurance may be ...
In trying to judge to what extent moral hazard prejudices a risk an Office is ..."
3. Marine Insurance by Solomon Stephen Huebner (1920)
"Individual accounts must also be viewed from the standpoint of the moral hazard,
using that term in the sense of unfair dealing as distinguished from ..."
4. Principles of Insurance by William Franklin Gephart (1917)
"Disputes as to the ownership of property often increase the moral hazard.
Difficulties with employees or quarrels with other persons may also affect the ..."
5. A Treatise on the Law of Insurance of Every Kind by Joseph Asbury Joyce (1917)
"... and the increase of moral hazard due to the fact that the insured does not
own the land upon which the insured building stands, affects not only the ..."
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