risk mitigation

  

Definition

A systematic reduction in the extent of exposure to a risk and/or the likelihood of its occurrence. Also called risk reduction.

Use risk mitigation in a sentence

  • You need to be good at risk mitigation so that you never are putting yourself or your company out to too much exposure.

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  • Our new risk mitigation strategy was working marvelously and it made everyone feel a lot safer when they were working.

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  • Business executives that practice risk mitigation protect themselves and their companies from unnecessary lawsuits, keeping their business from going bankrupt.

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