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
• Topics: ↑economics, ↑economic science, ↑political economy
• Hypernyms: ↑hazard, ↑jeopardy, ↑peril, ↑risk, ↑endangerment
Useful english dictionary. 2012.