English dictionary



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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)


SamplesInsurance companies are exposed to a moral hazard if the insured party is not honest.


Broader (hypernym)endangerment, hazard, jeopardy, peril, risk


Domain categoryeconomic science, economics, political economy









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