What is the definition of Adverse selection? | Dictionary.net

ADVERSE SELECTION

\advˈɜːs sɪlˈɛkʃən], \advˈɜːs sɪlˈɛkʃən], \a_d_v_ˈɜː_s s_ɪ_l_ˈɛ_k_ʃ_ə_n]\

Definitions of ADVERSE SELECTION

1910 - Black's Law Dictionary (2nd edition)

Sort: Oldest first

When an insurance company covers someone who is lieing about a preexisting condition. The policy harms the company that took the application. AKA antiselection.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

Word of the day

Snake's-head

Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.

View More

Nearby Words