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Moral hazard   /mˈɔrəl hˈæzərd/   Listen
Moral hazard

noun
1.
(economics) the lack of any incentive to guard against a risk when you are protected against it (as by insurance).






WordNet 3.0 © 2010 Princeton University








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Words linked to "Moral hazard" :   political economy, hazard, economics, risk, jeopardy, peril, economic science, endangerment



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