The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

FUNDAMENTAL RISK Definition & Legal Meaning

Definition & Citations:

Loss potential. Various situations and causes contribute to the scenarios comprising this potential. Realized loss may or may not be insurable. Rises from a large number of entities impacted by negative natural or social events. Earthquakes, floods, hurricanes, inflation, unemployment, and war are such events.

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