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from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. A risk to an insurance company resulting from uncertainty about the honesty of the insured.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. The prospect that a party insulated from risk may behave differently from the way it would behave if it were fully exposed to the risk.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. (economics) the lack of any incentive to guard against a risk when you are protected against it (as by insurance)


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