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moral hazard

Insurance. an insurance company's risk as to the insured's trustworthiness and honesty.
the risk that an individual or organization will act irresponsibly or recklessly if protected or exempt from the consequences of an action.
Origin of moral hazard
First recorded in 1915-20 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
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Examples from the Web for moral hazard
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  • In recent years the insurance companies have come to recognize very clearly what is called the moral hazard in life.

    Religion And Health James J. Walsh
British Dictionary definitions for moral hazard

moral hazard

(insurance) a risk incurred by an insurance company with respect to the possible lack of honesty or prudence among policyholders
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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