Encyclopedia > Moral hazard

Article Content

Moral hazard

In law, moral hazard is the name given to the phenomenon whereby one party to a contract can change their behaviour to the detriment of the other party once the contract has been concluded.

This article is a stub. You can help Wikipedia by fixing it.

All Wikipedia text is available under the terms of the GNU Free Documentation License

Search Encyclopedia

Search over one million articles, find something about almost anything!

Featured Article

Kings Park, New York

... is spread out with 25.2% under the age of 18, 5.7% from 18 to 24, 31.9% from 25 to 44, 23.3% from 45 to 64, and 13.9% who are 65 years of age or older. The median age is ...