Any human endeavour carries some risk, but some are much riskier than others. The probability of something happening multiplied by the resulting cost or benefit if it does. 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 risk analysis in engineering and economics pdf preemptive action.
Finance: The possibility that an actual return on an investment will be lower than the expected return. Securities trading: The probability of a loss or drop in value. Non-systematic risk is any risk that isn’t market-related. Also called non-market risk, extra-market risk or diversifiable risk. Product of the consequence and probability of a hazardous event or phenomenon. ISO Guide 73:2002 definition of risk is the ‘effect of uncertainty on objectives’.