Risk definition

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

Split View

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

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

Examples of Risk in a sentence

• The Contractor shall provide the Risk Management Policy to the Authority upon request within 10 Working Days of such request.

• The Authority may, at its absolute discretion, require changes to the Risk Management Policy to comply with the Authority’s Security Requirements.

• The Contractor shall provide the report of the Risk Assessment to the Authority, in the case of at least annual Risk Assessments, within 5 Working Days of completion of the Risk Assessment or, in the case of all other Risk Assessments, within one calendar month after completion of the Risk Assessment or on a date as agreed by the Parties.

• During the Construction Period, such policy shall be written in the so-called “Builder’s Risk Completed Value Non-Reporting Form” and shall contain a provision granting the insured permission to complete and/or occupy.

• The Contractor shall notify the Authority within 5 Working Days if the Risk Profile in relation to the Services has changed materially, for example, but not limited to, from one risk rating to another risk rating.

More Definitions of Risk

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.

Risk means the probability that injury or damage will occur;

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

Risk means potential for an adverse outcome.

Risk means the likelihood that an incident of child abuse

Risk means the probable rate of occurrence of a hazard causing harm and the degree of severity of the harm;