Definitions of risk range from narrow definitions - risks to people or machinery resulting from hazards - to wide definitions that see risk as any uncertainty of outcome. The diagram at the top of this article shows how risk can be defined in narrow, medium, and broad ways. Risk is a fundamental concept that pervades various domains of human existence, ranging from finance to health and safety. It refers to the possibility of an undesirable event occurring and the potential consequences that may follow. The impurity of the water is a serious health risk. It was an awful risk to take. Are you prepared to put your children at risk? The benefits of this treatment far outweigh any risks. There are too many risks attendant on such a large investment of money. The meaning of RISK is possibility of loss or injury : peril. How to use risk in a sentence. Risk is the potential for a loss or negative outcome. This includes but is not restricted to the potential that you will not achieve a goal or target. The following are the basic things to know about risk. Risk is a universal feature of life that surrounds all action and inaction. Risk is the possibility of something bad happening, [1] comprising a level of uncertainty about the effects and implications of an activity, particularly negative and undesirable consequences. [2][3] Risk management is the systematic process of identifying, assessing, and mitigating threats or uncertainties that can affect your organization. It involves analyzing risks’ likelihood and impact, developing strategies to minimize harm, and monitoring measures’ effectiveness. Risks is an international, scholarly, peer-reviewed, open access journal for research and studies on insurance and financial risk management. Risks is published monthly online by MDPI. The experts identified five risks — dangerous capabilities, competitive pressures, weapons and cyberattacks, concentrated power, and false information — as the most likely to produce the most severe harms over the next five years. A factor, thing, element, or course involving uncertain danger; a hazard: the usual risks of the desert: rattlesnakes, the heat, and lack of water (Frank Clancy).