operational risk

  

Definition

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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