English dictionary
moral hazard meaning and definition
Definition and meaning of moral hazard at MeaningMonkey.org. moral hazard meaning and definition in the English Dictionary.MORAL HAZARD noun
Definition of moral hazard (noun)
- (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"
Source: Princeton University Wordnet