Category: M

Lat. In old pleading. In husband-like manner. Townsh. PL 198.

A commitment that is ‘moral’ and not legal because succeeding legislatures are not obligated to abide by such provisions made by preceding legislatures. Municipality, or other governmental entity, issued debt obligation lacking a general obligation bond’s security. Instead, in case of a default, government’s pledge to appropriate future funds of the issuing entity is its backing.

This phrase, inserted in a conveyance of land immediately after the statement of the quantity of land conveyed, means that such statement is uot to be taken as a warranty of the quantity, but only an approximate estimate, and that the tract or parcel described is to pass, without regard to an excess or deficiency in the quantity it actually contains. See Brawley v. U. S

the term given to the considerations that are based on moral grounds and not legal grounds.

term that is used to describe the undue influence that is imposed on one person by another.

the name that is given to the evidence that supports the facts and the truth.

A sum due by law or usage for mooring or fastening of ships to trees or posts at the shore, or to a wharf. Wharf Case, 3 Bland (Md.) 373.

the term given to the deceit that is involved in a wrong of m oral nature.

Stated by Gordon Moore, a co-founder of computer chip maker Intel and its former chairman in 1965. Moore predicted that the transistor total on a given-sized silicon chip will double every 18 months. Proving to be amazingly accurate over the years, it also speaks to the same growth in processing power.

In common usage, moral hazard infers a conscious malicious, even illegal, motivation, versus an unconscious behavior change. Circumstance that increases the likelihood of a loss, or abnormal loss. Typically due to a change in an insurance policy applicant’s behavior after policy issuance. Incentives may lead the insured to act in ways that increase insurer risks and costs. Overinsurance or substitution of insured valuable assets with junk are examples. Contrast to morale hazard.