moral hazard is the risk that a party to a transaction has not entered into a contract in good faith, has provided misleading information about its assets, liabilities, or credit capacity, or has an incentive to take unusual risks in a desperate attempt to earn a profit before the contract settles.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). moral hazard. Retrieved September 26, 2026, from http://smartdefine.org/moral_hazard/definitions/1158427 |
| Chicago | Barry Goldsmith. 2010. "moral hazard" http://smartdefine.org/moral_hazard/definitions/1158427 (accessed September 26, 2026). |
| Harvard | Barry Goldsmith 2010, moral hazard, Smart Define, viewed 26 September, 2026, <http://smartdefine.org/moral_hazard/definitions/1158427>. |
| MLA | Barry Goldsmith. "moral hazard" 21 October 2010. Web. 26 September 2026. <http://smartdefine.org/moral_hazard/definitions/1158427> |