Understanding the meaning of moral hazard - BoostVocab

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moral hazard

/'mɔrəl_'hæzərd/

Synonyms of moral hazard Antonyms of moral hazard Examples of moral hazard Usage of moral hazard Parts of moral hazard Definition that contains moral hazard Words sounding like moral hazard Explanation of moral hazard

noun
(economics) the lack of any incentive to guard against a risk when you are protected against it (as by insurance)
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"insurance companies are exposed to a moral hazard if the insured party is not honest"

type of:
jeopardy peril risk endangerment hazard

Explanation of moral hazard

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