Home > Term: moral hazard
moral hazard
A condition of morals or habits that increases the probability of loss from a peril. An extreme example would be an individual who previously burned his own property to collect the insurance.
- ส่วนหนึ่งของคำพูด: noun
- อุตสาหกรรม/ขอบเขต: Convention
- Category: Conferences
- Company: CIC
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