moral hazard Definition

moral hazard

Definition

The risk that the presence of a contract will affect on the behavior of one or more parties. The classic example is in the insurance industry, where coverage against a loss might increase the risk-taking behavior of the insured.

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moral hazard is ...
... part of the Insurance subject.

moral hazard appears in the definitions of these other terms on BusinessDictionary.com

morale hazard, overinsurance, hazard