The grouping of risks by their likely impact or estimated costs, occurence and any measures required to counter them.

Legislation allowing national banks to set up offices all over the nation.

An interest rate that is risk free with a risk premium that is appropriate to the risk level.

1. Law. Doctrine of negligence used in the defense of a personal injury suit. 2. Risk management. A practice of the absorption of minor losses but protecting against large and catastrophic losses.

The effective communication between those who determine risks and those responsible for minimising and assessing the risks.

A priority in risk management by the etsablishment of quantitative or qualitative relationships gthat exist between risks and benefits.

A single specific occurence that affects a plan or decision in a negative manner.

1. A bank asset that is affected by credit quality, repricing, interest rate changes etc. 2. Equity capital and assetsof a firm in trouble.

The process where a corporation reorganises or restructures the business by means of cutting costs, rducing the work force or altering upper level management.

A document that discloses any potential risks.

The application of methods of engineering to the management of risks.

A security that is considere to be free from riskof any monetary loss.

1. The correction of a failed, defective or a non-conforming item. 2. The actaul cost of the correction of defective work.

The level reached in inventory indication the need for more supplies.

1. Known with certainty. 2. The interest rate on a virtually free from risk investment.

The display on a graph of 2 variables where financial reward is plotted against financial risk. The type of risk is also indicated.

An amount of money set aside because building components or equipment will wear out in a relatively short time and need to be replaced.Replacement reserves can be a mere accounting entry as

Developed by Microsoft it is a standard that is compatible with all word processors and allows exchange of digital documents.

1.An expression of duration, magnitude, intensity and raech of a potential risk in montary terms. 2. The probability that exposure to a substance wikll have an adverse effect on an organism.

A term derived from reirement when a previuosly retired person returns to work at his previous place of employment.