I don't think that's the case; "moral hazard" doesn't have a conventional colloquial meaning. If you use the term outside it's technical meaning you're just going to confuse people.
It does the same way that “green house” has a conventional colloquial meaning, i.e. a house that’s green. If underwater basket weavers start calling their thimbles “green houses” i will continue to put those two words and quite frankly any words i want in any order that conveys meaning to others without concern for what niches might stamp their feet about it