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

Bullying

... it merely designated anyone who assumed power for any period of time without a legitimate basis of authority. The first to have the title of "Tyrant" wa ...