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View Ontology
| Name: | risk |
| Acronym: | |
| Description: | Noun: There are a number of different definitions of risk depending on the application. The widely inconsistent and ambiguous use of the word has led to criticisms of the methods to manage risk. A dictionary definition normally includes the following different meanings:1. The possibility of suffering harm or loss; danger.2. A factor, thing, element, or course involving uncertain danger.3. The danger or probability of loss to an insurer or the amount that an insurance company potentiall can lose.4. The potential variability of returns from an investment, or the chance of nonpayment of a debt.In distaster risk management, risk is often computed using:Risk = f(hazard x vulnerability x assets);and in this case, risk unit is that of value (dolars).verb:To expose to a chance of loss or damage, or to incur the risk of something to happen. |
| Type: | Multiple |
| Term is: | | | Term has: | | |
