Welcome to the 1520 Perfect Dictionary
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| Moral hazard | |
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| MORAL HAZARD Definition: (informal) A situation in which an undue risk is taken only because the costs will be borne by another party. ______________________________________________________________________ * All eight elements should be in. 1. Purposeful for, and considered necessary by, who takes the chance. 2. Expected benefit or gain, if plan works, will be truly gargantuan. 3. Envisaged loss or disadvantage, when the plan fails, will be great. 4. Who will bear costs will be informed early of likelihood of a loss. ___________________ ... no scruples. EASY TO BEAR... (See perfect RULE OF THUMB.) 5. Serious, concerted efforts will be made for enterprise to succeed. 6. Safety nets that will be available will be assuring or strong. That is, who is in situation will not or cannot be exposed to danger. 7. Never proudly announced even as no apology will be rendered for the choice (mischief-making) made, which might be bad for another. 8. Will be lived with, whatever the outcome(s) of risk-taking. ____________________________ ... no shock or dilemma. READY FOR ANY EVENTUALITY... (See perfect PURITANISM.) | |
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1520 Products was established in 2005 with the purpose of entertaining and teaching us on key and important aspects of life (such as marriage, sex, etc) through the playing of games which will allow us to laugh but at the same time pass a message of what is the right or ideal way. |
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 1520 Sex Game |
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 1520 Marriage Game |