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Calculating the difference in negative and positive features of a process, service, or operation. By assessing risk, organizations can determine exactly how much there is to gain from changing an aspect of a system or process.

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Merriam-Webster Online Dictionary
risk (noun)
1.
possibility of loss or injury - peril
2.
someone or something that creates or suggests a hazard
3.
a) the chance of loss or the perils to the subject matter of an insurance contract , also the degree of probability of such loss
b) a person or thing that is a specified hazard to an insurer
c) an insurance hazard from a specified cause or source - war risk
4.
the chance that an investment (as a stock or commodity) will lose value
risk (verb)
transitive verb
1.
to expose to hazard or danger - risked her life
2.
to incur the risk or danger of - risked breaking his neck
Merriam-Webster Online Thesaurus
risk (noun)
1.
something that may cause injury or harm
SYNONYMS:
hazard, imminence, menace, peril, pitfall, risk, threat, trouble
RELATED WORDS:
snare, trap; booby trap
NEAR ANTONYMS:
guard, protection, safeguard, shield, ward; asylum, harbor, haven, refuge, retreat, shelter
risk (noun)
2.
the state of not being protected from injury, harm, or evil
SYNONYMS:
distress, endangerment, harm's way, imperilment, jeopardy, peril, risk, trouble
RELATED WORDS:
exposure, liability, openness, vulnerability; precariousness, threat; susceptibility, susceptibleness; defenselessness, helplessness, weakness
NEAR ANTONYMS:
preservation, salvation; defense, protection; exemption, immunity, impunity, inviolability, invulnerability
safeness, safety, secureness, security
risk (verb)
1.
to take a chance on
SYNONYMS:
adventure, chance, gamble (on), hazard, tempt, venture
RELATED WORDS:
beard, brave, brazen, breast, challenge, confront, dare, defy, face, outbrave; compromise, endanger, imperil, jeopardize, menace; expose, subject; bet (on), wager
run the risk of
risk (verb)
2.
to place in danger
SYNONYMS:
adventure, compromise, gamble (with), hazard, imperil, jeopard, jeopardize, menace, peril, risk, venture
RELATED WORDS:
intimidate, threaten; expose; subject; chance, wager
NEAR ANTONYMS:
guard, protect, shelter, shield; preserve, resume, save
Risk (Wikipedia)

Risk is the possibility of something bad happening, comprising a level of uncertainty about the effects and implications of an activity, particularly negative and undesirable consequences.

Firefighters are exposed to risks of fire and building collapse during their work.
Harbor sign warning visitors that use of the walkway is "at your own risk"

Risk theory, assessment, and management are applied but substantially differ in different practice areas, such as business, economics, environment, finance, information technology, health, insurance, safety, security, and privacy. The international standard for risk management, ISO 31000, provides general guidelines and principles on managing risks faced by organizations.

Artist's impression of a major asteroid impact, an example of a global catastrophic risk.
Risk (Wiktionary)

English

Alternative forms

  • risque (archaic)

Etymology

From earlier risque, from Middle French risque, from Old Italian risco (risk) (modern Italian rischio) and rischiare (to run into danger). Displaced native Old English pleoh (risk) and plēon (to risk).

Pronunciation

  • IPA(key): /ɹɪsk/
  • Homophones:
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hazard, danger, uncertainty, exposure, liability
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