moral hazard

Noun
  1. (economics) the lack of any incentive to guard against a risk when you are protected against it (as by insurance) (synset 114566181)
    "insurance companies are exposed to a moral hazard if the insured party is not honest"
    referred to in: economic science, economics, political economy - the branch of social science that deals with the production and distribution and consumption of goods and services and their management
    is a type of: endangerment, hazard, jeopardy, peril, risk - a source of danger; a possibility of incurring loss or misfortune

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