Definition of risk management in English:
(In business) the forecasting and evaluation of financial risks together with the identification of procedures to avoid or minimize their impact.
- Too many shops are currently executing uncertainty management rather than risk management.
- In the post-Enron environment, there can be no excuse for the lack of effective fraud risk management.
- The financial institutions themselves have also implemented risk management on their loan portfolios.
Definition of risk management in:
- British & World English dictionary
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