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moral hazard

noun, Insurance.
1.
an insurance company's risk as to the insured's trustworthiness and honesty.
Origin
1915-1920
1915-20
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for moral-hazard

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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