HyperDic: moral_hazard

English > 1 sense of the expression moral hazard:
NOUNstatemoral hazard(economics) the lack of any incentive to guard against a risk when you are protected against it (as by insurance)
English > moral hazard: 1 sense > noun 1, state
Meaning(economics) the lack of any incentive to guard against a risk when you are protected against it (as by insurance).
Example"insurance companies are exposed to a moral hazard if the insured party is not honest"
Categoryeconomics, economic science, political economyThe branch of social science that deals with the production and distribution and consumption of goods and services and their management
Broaderhazard, jeopardy, peril, risk, endangermentA source of danger
Spanishriesgo moral, riesgo subjetivo
Catalanrisc moral

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