Risk is the possibility that an adverse event will occur resulting in loss.
See related: assumption of the risk, risk of loss, foreseeable risk, assigned risk.
[Last updated in December of 2020 by the Wex Definitions Team]
Risk is the possibility that an adverse event will occur resulting in loss.
See related: assumption of the risk, risk of loss, foreseeable risk, assigned risk.
[Last updated in December of 2020 by the Wex Definitions Team]