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FindLaw Legal Dictionary

The FindLaw Legal Dictionary -- free access to over 8260 definitions of legal terms. Search for a definition or browse our legal glossaries.

Moral Hazard

moral hazard n

: the possibility of loss to an insurance company (as by arson) arising from the character or circumstances of the insured [deductibles decrease moral hazard]



Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.

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