moral hazard

Từ điển Oxford Learners Wordfinder Dictionary

noun

(economics) the lack of any incentive to guard against a risk when you are protected against it (as by insurance)
- insurance companies are exposed to a moral hazard if the insured party is not honest
• Topics:
economics, economic science, political economy
• Hypernyms:
hazard, jeopardy, peril, risk, endangerment