moral hazard

A hazard that has its inception in mental attitudes.

• Examples include dishonesty, carelessness, and insanity. The risk that an insured will destroy property or allow it to be destroyed (usu. by burning) in order to collect the insurance proceeds is a moral hazard. Also, an insured’s potential interest, if any, in the burning of the property is sometimes called a moral hazard. [Cases: Insurance 3055(2).]

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词条贡献者

资深译员Gilbert，毕业于美国一流的法学院，专注翻译各种与专利申请和专利组合咨询有关的法律文件。