operational risk

Popular Terms
Probability of loss occurring from the internal inadequacies of a firm or a breakdown in its controls, operations, or procedures.

Use 'operational risk' in a Sentence

Our insurance does not cover losses due to operational risk and any loss due breakdown in controls or internal inadequacy must be assumed by the company.
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If you are trying to figure out if a project is worth trying you need to weigh the reward vs the operational risk.
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I realized that there was an operational risk involved and it made me really nervous and also a bit frightened.
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