Moral Hazard Definition

noun
The risk that providing insurance or other indemnification will foster careless, reckless, or dishonest behavior among those receiving such protection.
Webster's New World
The risk to an insurance company that the holder of a policy will destroy the insured property in order to collect the monetary reimbursement available under the policy.
American Heritage
The risk that an individual or organization will behave recklessly or immorally when protected from the consequences.
American Heritage

Other Word Forms of Moral Hazard

Noun

Singular:
moral hazard
Plural:
moral-hazards

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moral hazard