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moral hazard

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noun
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.
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The rainy weather could not ________ my elated spirits on my graduation day.
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Origin of moral hazard

First recorded in 1915–20

Words nearby moral hazard

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022

How to use moral hazard in a sentence

British Dictionary definitions for moral hazard

moral hazard

noun
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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