English noun: moral hazard | |||
1. | moral hazard (state) (economics) the lack of any incentive to guard against a risk when you are protected against it (as by insurance) | ||
Samples | Insurance companies are exposed to a moral hazard if the insured party is not honest. | ||
Broader (hypernym) | endangerment, hazard, jeopardy, peril, risk | ||
Domain category | economic science, economics, political economy | ||