| NOUN | state | moral hazard | (economics) the lack of any incentive to guard against a risk when you are protected against it (as by insurance) |
|---|
| 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" | |
| Category | economics, economic science, political economy | The branch of social science that deals with the production and distribution and consumption of goods and services and their management |
| Broader | hazard, jeopardy, peril, risk, endangerment | A source of danger |
| Spanish | riesgo moral, riesgo subjetivo | |
| Catalan | risc moral | |
©2001-24 · HyperDic hyper-dictionary · Contact
English |
Spanish |
Catalan
Privacy |
Robots