• word of the day

    moral hazard

    moral hazard - Dictionary definition and meaning for word moral hazard

    Definition
    (noun) (economics) the lack of any incentive to guard against a risk when you are protected against it (as by insurance)
    Example Sentence
    • insurance companies are exposed to a moral hazard if the insured party is not honest

Word used in video below:
text: hazard in my home
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