51Թ

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moral hazard

noun

  1. Insurance.an insurance company's risk as to the insured's trustworthiness and honesty.

  2. the risk that an individual or organization will act irresponsibly or recklessly if protected or exempt from the consequences of an action.



moral hazard

noun

  1. 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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51Թ History and Origins

Origin of moral hazard1

First recorded in 1915–20
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Example Sentences

Examples have not been reviewed.

These are at best irrelevant — more likely, a moral hazard.

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Clear legal separation from government backing is essential to prevent moral hazard.

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This is a conflict of interest and extreme moral hazard that has no precedent in modern American history.

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This is the very definition of a moral hazard.

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Here was the Ukrainian leader suggesting Trump had failed to grasp the moral hazard of dealing with the war's aggressor.

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moralemoralism