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.
THIS PSAT VOCABULARY QUIZ IS PERFECT PRACTICE FOR THE REAL TEST
In our third teacher-created PSAT practice test there are new and unique vocabulary terms you may have never heard of! Can you guess what they mean?
Question 1 of 10
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. 2021
British Dictionary definitions for 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