Risk definition

Risk means the combination of the probability of occurrence of harm and the severity of that harm;

Risk means a function of the probability of an adverse health effect and the severity of that effect, consequential to a hazard;

Risk means the potential that a given threat will exploit vulnerabilities of a vehicle and thereby cause harm to the organization or to an individual.

Examples of Risk in a sentence

• If it has been authorised for release to the market by a committee of your board of directors, you can insert here: “By the [ name of board committee – eg Audit and Risk Committee]”.

• Risk Management Methods (RMM) The information required is contained in this Safety Data Sheet.

• Risk of loss, damage to or destruction of the goods shall be governed in accordance with Incoterms 2010, unless otherwise agreed upon by the Parties on the front side of this Purchase Order.

• If the insurance carrier does not have an A.M. Best Rating of A-/VIII, the CEO/Office of Risk Management retains the right to approve or reject a carrier after a review of the company's performance and financial ratings.

• Lower rated, or approved but not admitted insurers, may be accepted if prior approval is given by the County’s Risk Manager.

More Definitions of Risk

Risk means a combination of the probability and the degree of an injury or damage to health that can arise in a hazardous situation;

Risk means anything that could negatively impact the District’s ability to meet its goals and objectives. The term includes strategic, financial, regulatory, reputational, and operational risks.

Risk means the probability that injury or damage will occur;

Risk means potential for an adverse outcome.

Risk means the likelihood of a specific effect occurring within a specified period or in specified circumstances;

Risk means the likelihood that an adverse health effect will occur within a population as a result of a hazard in a food.

Risk means the combination of the overall probability, or frequency of occurrence of a harmful effect induced by a hazard and the severity of that effect;