| / English Dictionary |
MORAL HAZARD
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
(economics) the lack of any incentive to guard against a risk when you are protected against it (as by insurance)
Example:
insurance companies are exposed to a moral hazard if the insured party is not honest
Classified under:
Nouns denoting stable states of affairs
Hypernyms ("moral hazard" is a kind of...):
endangerment; hazard; jeopardy; peril; risk (a source of danger; a possibility of incurring loss or misfortune)
Domain category:
economic science; economics; political economy (the branch of social science that deals with the production and distribution and consumption of goods and services and their management)
YOU MAY ALSO LIKE
