Person’s psychological state expressed as a level or degree of self-confidence, enthusiasm, and/or loyalty to a cause or organization. Morale comes from people’s personal conviction about the worth of their actions, their righteousness, and their hopes of a future with high rewards, be they material or otherwise.
Circumstance increasing loss-occurrence probability or abnormal loss due to an insurance policy applicant’s indifferent attitude after policy issuance. The insured being careless in locking the doors and windows when leaving home is an example. In common usage, morale hazard points to the insured party unconscious change in their actions or behaviors, versus a deliberate change to cheat the system or benefit from such circumstances. Contrast to moral hazard.
Lat. For the purpose of delaying or postponing payment or performance.
Delay in performing an obligation or taking an action legally authorized or simply agreed to be temporary.
Lat He delays In law. The phrase describes the action of one who demurs, because the party does not proceed in pleading, but rests or abides upon the judgment of the court on a certain point, as to the legal sufficiency of his opponent’s pleading. The court deliberate aud determine thereupon.
Otherwise called “Ilerrn- hutters” or “United Brethren.” A sect of Christians whose social polity is particular and conspicuous, it sprung up in Moravia and Bohemia, on the opening of that reformation which stripped the chair of St. Peter of so many votaries, and gave birth to so many denominations of Christians. They give evi- dence on their solemn affirmation. 2 Steph. Comm. 338JI.
Leaving physical or psychological wellbeing as a state. Caused by disease, illness, injury, or sickness, particularly where the affected individual is aware of the condition. Morbidity is measurable in terms of (1) tallying persons who were ill, (2) illnesses these persons have and (3) illness duration. This is according to the World Health Organization (WHO).
Morbidity rate is a basic factor in setting insurance premium rates. It is the likelihood that a person will suffer a disease, illness, injury, or sickness, based on being a member of a particular group, categorized by age or some other factor like occupation.
Disease, illness, injury, or sickness occurrence rates among people grouped and categorized by age or other factor like occupation collected as matrixed data by insurance companies.
Lat. In the civil law. A sickness which rendered a man incapable of attending to busiuess.