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Definition Of Risk

Definition Of Risk

Risk Definition And Meaning

Risk can be defined in different ways as presented below:

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1. The probability of something happening multiplied by the resulting cost or benefit if it does.

2. The probability or threat of quantifiable damage, injury, liability, loss, or any other negative occurrence that is caused by external or internal vulnerabilities, and that may be avoided through preemptive action.

Insurance Law And Practice - ICSI
Definition Of Risk Definition Of Risk Reviewed by Blog Editor on Wednesday, April 12, 2017 Rating: 5

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