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32 Definitions

Risk

For Risk we have terms and definitions in 32 topics. The topics are Accounting, Automotive, Business Process, Computer Virus, Customs, Dairy Production, Disaster Recovery, Energy, Environment, Environmental Health, Ethics, Finance, Food, Food and Health, Frauds and Scams, Geography, Health Care, Health Insurance, Immunization, Insurance, International Economics, Investment, Legal Ethics, Management, Mental Health, Prostate Cancer, Real Estate, Security Testing, Sexually Transmitted Diseases, Spyware, Tax and Toxic Substances.



Risk (Accounting)

is the measurable possibility of losing or not gaining value. Risk is different from uncertainty. Uncertainty is not measurable.


Risk (Automotive)

Any chance of loss or damage.


Risk (Business Process)

The precise description of an event, problem or situation which could negatively impact the project outcome.


Risk (Computer Virus)


A threat that exploits a vulnerability that may cause harm to one or more assets.


Risk (Customs)

Speculative risk involves the possibility of profit or loss, depending upon the success or failure of the financial or commercial venture in question. Banks also accept risks when they make loans, which may either be repaid or defaulted. Capital investors are sometimes referred to as risk bearers; their investments may be considered "venture capital" if they appear to be subject to considerable risk, as in the case of new enterprises, or "security capital" if they appear to be subject to little risk. Pure risk is involved when there is no possibility of gain, but only the possibility of loss. Insurance is concerned with pure risks, not speculative risks.
See also: Credit, Entrepreneur, Insurance, Interest, Loan, Profit, Reinsurance,


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Risk (Dairy Production)

The chance of injury, death, damage, or loss. One of many known outcomes, the probability of occurrence of which can be estimated and that has a probability associated with it (fire, hail, wind, price changes, death, etc.).


Risk (Disaster Recovery)

Potential for exposure to loss. Risks, either man-made or natural, are constant. The potential is usually measured by its probability in years.


Risk (Energy)

In business, risk means exposure to uncertain change, particularly adverse change. Annualized standard deviation of return is the generic measurement of risk in most markets.


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Risk (Environment)

A measure of the probability that damage to life, health, property, and/or the environment will occur as a result of a given hazard.


Risk (Environmental Health)

Risk is the possibility of injury, disease or death. For example, for a person who has measles, the risk of death is one in one million.


Risk (Ethics)

Risk is colloquially used as a term for a danger that arises unpredictably, such as being struck by a car. Sometimes it is used for the likelihood of a particular danger or hazard, as when someone says, "You can reduce your risk of being hit by a car by crossing at the crosswalk." When used in technical context, such as "risk assessment" or "risk management" the notion of risk is the probability or likelihood of some resulting harm (such as the likelihood of being killed by being struck by a car) multiplied by the magnitude of the harm. One can then compare, say, the average citizen's risk of death from crossing the street with such a person's risk of death from cancer in a given period. One could also compare the risk of harms of different magnitudes. For example, two monetary risks: the rather likely event of losing a quarter in a broken vending machine, and the comparatively unlikely loss of one's wallet due to robbery at gun point. It may turn out that there is a greater risk of monetary loss from out of order vending machines than from robbery at gun point. Notice that use of the technical sense of risk requires that one be able to meaningfully quantify the resulting harms. For many harms this is difficult to do except in an arbitrary way.


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Risk (Finance)

Often defined as the standard deviation of the return on total investment. Degree of uncertainty of return on an asset. In context of asset pricing theory. See: Systematic risk.


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Risk (Food)

A term encompassing a variety of measures of the probability of an outcome. 's usually used in reference to unfavorable outcomes such as illness or death. certain to distinguish between absolute and relative risk.


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Risk (Food and Health)

A term encompassing a variety of measures of the probability of an outcome. It's usually used in reference to unfavorable outcomes such as illness or death. Be certain to distinguish between absolute and relative risk.


Risk (Frauds and Scams)

A measurable possibility of losing capital (or not gaining value). The chance that invested capital will drop in value can be caused by many factors including, inflation, interest rates, default, politics, liquidity, call provisions, etc.


Risk (Geography)

The likelihood of suffering adverse effects from a hazard


Risk (Health Care)

The probability of financial loss, based on the probability of having to provide services to a patient or patient population at a cost that exceeds the payments received. Under capitation payment systems, providers share the risk that is born by insurers. Also, an insured person may be referred to as a risk.


Risk (Health Insurance)

The chance of loss, the degree of probability of loss or the amount of possible loss to the insuring company. For an individual, risk represents such probabilities as the likelihood of surgical complications, medications' side effects, exposure to infection, or the chance of suffering a medical problem because of a lifestyle or other choice. For example, an individual increases his or her risk of getting cancer if he or she chooses to smoke cigarettes.


Risk (Immunization)

The likelihood that an individual will experience a certain event.


Risk (Insurance)

(1) A chance of loss. (2) A person or thing insured (Impaired or substandard risk: An applicant whose physical condition or driving habits/record does not meet the standard on which the rate is based.)


Risk (International Economics)

1. Uncertainty associated with a transaction or an asset.
2. The probability of loss. Differs from definition 1. because "uncertainty" includes probability of gain as well.


Risk (Investment)

The possibility that an investment may fluctuate in value. Such factors as credit quality, currency exchange rates, inflation rates may increase an investment's volatility. The level of risk incurred by a shareholder varies from fund to fund (see risk/reward tradeoff).


Risk (Legal Ethics)

Risk is colloquially used as a term for a danger that arises unpredictably, such as being struck by a car. Sometimes it is used for the likelihood of a particular danger or hazard, as when someone says, "You can reduce your risk of being hit by a car by crossing at the crosswalk."
When used in technical context, such as "risk assessment" or "risk management" the notion of risk is the probability or likelihood of some resulting harm (such as the likeihood of being killed by being struck by a car) multiplied by the magnitude of the harm. One can then compare, say, the average citizen's risk of death from crossing the street with such a person's risk of death from cancer in a given period. One could also compare the risk of harms of different magnitudes. For example, two monetary risks: the rather likely event of losing a quarter in a broken vending machine, and the comparatively unlikely loss of one's wallet due to robbery at gun point. It may turn out that there is a greater risk of monetary loss from out of order vending machines than from robbery at gun point. Notice that use of the technical sense of risk requires that one be able to meaningfully quantify the resulting harms. For many harms this is difficult to do except in an arbitrary way.
Risks and benefits. To use or risk-benefit analysis requires that one consider only those consequences or the probability of those consequences that can be treated as arithmetic quantities, such as risk of death, number of days of illness or cost in dollars. Therefore, it is useful to have other terms, such as harm and boon, for consequences that may not be representable as arithmetic quantities.
Risk-benefit analysis is a technique taken from economics that weighs alternative actions in terms of such consequences. It is not suited for consideration of consequences, such as the loss of moral integrity, that do not lend themselves to quantification.


Risk (Management)

The environment that exists when a manager must make a decision without complete information.


Risk (Mental Health)


Possibility that revenues of the insurer will not be sufficient to cover expenditures incurred in the delivery of contractual services. A managed care provider is at risk if actual expenses exceed the payment amount.


Risk (Prostate Cancer)

The chance or probability that a particular event will or will not happen


Risk (Real Estate)

The probability of getting your money back. High risk means low probability; low risk means high probability.


Risk (Security Testing)

The probability that a particular threat will exploit a particular vulnerability of the system.
(I) An expectation of loss expressed as the probability that a particular threat will exploit a particular vulnerability with a particular harmful result.


Risk (Sexually Transmitted Diseases)

Taking a chance. Having any kind of sex without a latex condom are RISKS for getting STDs, Sharing drug needles can put you at RISK for getting HIV and other blood borne infections including HEPATITIS B.


Risk (Spyware)

Likelihood of unwanted events, multiplied by their severity. “The combination of events harmful to an entity’s desired state of affairs, the chance that the events will take place, and the consequences of their occurrence, as a function of time.” -- NSA Corporate Plan for INFOSEC Action, April 1996 • More Info


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Risk (Tax)

Possibility that the actual return on an investment will be less than its expected return.


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Risk (Toxic Substances)

The probability that something will cause injury or harm.




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