moral hazard - definition of moral hazard - synonyms, pronunciation, spelling from Free Dictionary

Search Result for "moral hazard":

Wordnet 3.0

NOUN (1)

1. (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"


WordNet (r) 3.0 (2006):

moral hazard
    n 1: (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"