reduction of risk
Definition
One of the major risk management techniques. Taking precautionary measures to reduce the likelihood of a loss, or to reduce the severity of a possible loss, for example, installing a security system.
Related Articles
- Options: How Pricing and Value Are Determined *
- Introduction to Trading and Types of Orders *
- Financing Your Small Business - Writing a Business Plan *
- Choosing a Stock *
- What International Exchanges Exist For Futures? *
- Can VAT Help America? *
- Budgeting and Saving: Quicken v. Microsoft Money *
- The Importance of Estate Planning and Determining Your Net Worth *
Related Videos
http://www.businessdictionary.com/definition/reduction-of-risk.html
