Which Joe gave his name to ‘sloppy joes’? We look at five interesting sandwiches and their lexical origins.
[mass noun] Lack of incentive to guard against risk where one is protected from its consequences, e.g. by insurance.
- ‘The recent history of the credit system can be thought of as the evolution of increasingly successful methods of reducing the risk premium caused by hidden information and moral hazard.’
- ‘He is creating moral hazard by making investors think that investment risks are minimized simply by skimming an independent stock research report.’
- ‘For example, if moral hazard is associated with deposit insurance, the greater risks banks take may demand stronger preventive techniques.’
Are you looking for a word for a foolish person? We explore twelve interesting words to describe the dunderheads in your life.
Before you run for the hills, let’s run through a list of ‘run’ expressions that are running through our minds.
The definitions of ‘buddy’ and ‘bro’ in the OED have recently been revised. We explore their history and increase in popularity.