pure risk

Popular Terms
Situation where there is a chance of either loss or no loss, but no chance of gain; for example either a building will burn down or it won't. Only pure risks are insurable because otherwise (where the chance of the occurrence of a loss is determinable) insurance is akin to betting and the insured may stand to gain from it a situation contrary to the most fundamental concept of insurance. Also called absolute risk.

Use pure risk in a sentence

There was a pure risk involved, but either way we knew we had to movie forward and not worry about failure at all.
16 people found this helpful
You must factor in the pure risk when you are trying to decide if it is right to take on a project.
14 people found this helpful
Rock climbing may be a sport of pure risk, but the level of accomplishment and pure self satisfaction at the end of your climb is simply unmatched by anything else.
14 people found this helpful




Email Print Embed