Word
moral hazard, n.
(economics) the lack of any incentive to guard against a risk when you are protected against it (as by insurance)
<noun.state>
moral hazard
sample sentences
"insurance companies are exposed to a moral hazard if the insured party is not honest"
semantic pointers
domain of synset (topic)
economics, economic science, political economy
hypernym
risk, hazard, jeopardy, peril, endangerment