http://onlinelibrary.wiley.com/doi/10.1111/j.1539-6924.1981.tb01350.

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On The Quantitative Definition of Risk

Abstract

A quantitative definition of risk is suggested in terms of the idea of a set of triplets. The
definition is extended to include uncertainty and completeness, and the use of Bayes' theorem is
described in this connection. The definition is used to discuss the notions of relative risk,
relativity of risk, and acceptability of risk.

https://www.merriam-webster.com/dictionary/risk

Definition of risk
1 : possibility of loss or injury : peril

2 : someone or something that creates or suggests a hazard

3 a : the chance of loss or the perils to the subject matter of an insurance contract; also : the
degree of probability of such loss

b : a person or thing that is a specified hazard to an insurer

c : an insurance hazard from a specified cause or source

4 : the chance that an investment (such as a stock or commodity) will lose value

https://en.wikipedia.org/wiki/Risk

Risk is the potential of gaining or losing something of value. Values (such as physical health,
social status, emotional well-being, or financial wealth) can be gained or lost when taking risk
resulting from a given action or inaction, foreseen or unforeseen (planned or not planned). Risk
can also be defined as the intentional interaction with uncertainty.[1] Uncertainty is a potential,
unpredictable, and uncontrollable outcome; risk is a consequence of action taken in spite of
uncertainty

https://en.oxforddictionaries.com/definition/risk
A situation involving exposure to danger.

flouting the law was too much of a risk

mass noun all outdoor activities carry an element of risk

1. 1.1in singular The possibility that something unpleasant or unwelcome will happen.

reduce the risk of heart disease

1.2with modifier A person or thing regarded as a threat or likely source of danger.

she's a security risk
gloss paint can burn strongly and pose a fire risk
1.3usually risks A possibility of harm or damage against which something is insured.
all-risks insurance for professional photographers
1.4with adjective A person or thing regarded as likely to turn out well or badly in a
particular context or respect.
Western banks regarded Romania as a good risk
1.5mass noun The possibility of financial loss.
the Bank is rigorous when it comes to analysing and evaluating risk

https://economictimes.indiatimes.com/definition/risk

Definition: Risk implies future uncertainty about deviation from expected earnings or expected
outcome. Risk measures the uncertainty that an investor is willing to take to realize a gain from
an investment.
https://en.wikipedia.org/wiki/Risk_management

Risk management is the identification, assessment, and prioritization of risks (defined in ISO
31000 as the effect of uncertainty on objectives) followed by coordinated and economical
application of resources to minimize, monitor, and control the probability or impact of
unfortunate events[1] or to maximize the realization of opportunities. Risk managements
objective is to assure uncertainty does not deflect the endeavor from the business goals.[2]

http://searchcompliance.techtarget.com/definition/risk-management

Risk management is the process of identifying, assessing and controlling threats to an

organization's capital and earnings. These threats, or risks, could stem from a wide variety of
sources, including financial uncertainty, legal liabilities, strategic management errors, accidents
and natural disasters. IT security threats and data-related risks, and the risk management
strategies to alleviate them, have become a top priority for digitized companies. As a result, a
risk management plan increasingly includes companies' processes for identifying and controlling
threats to its digital assets, including proprietary corporate data, a customer's personally
identifiable information and intellectual property.

https://www.investopedia.com/terms/r/riskmanagement.asp

What is 'Risk Management'

In the financial world, risk management is the process of identification, analysis and acceptance
or mitigation of uncertainty in investment decisions. Essentially, risk management occurs any
time an investor or fund manager analyzes and attempts to quantify the potential for losses in an
investment and then takes the appropriate action (or inaction) given his investment objectives
and risk tolerance.

https://programsuccess.wordpress.com/2011/05/29/risk-management-principles-and-definitions/

In its purest form, risk management is the identification, classification and prioritization of risks.
This is generally done in tandem with efforts to monitor, control and mitigate the risks. Risks
themselves can be from factors internal to the project, such as the adoption of a new technology,
team members that are new to the project manager, or resource constraints and internal
dependencies. Additionally, risks can also be external, such as the health of the financial
markets, competitive pressures, legal liabilities or even accidents. The sheer number and type of
risks that may (or may not) factor in to a given project gives a good idea of how complex and
problematic risk assessment can become.

http://www.marquette.edu/riskunit/riskmanagement/whatis.shtml

Overview

Risk management is the continuing process to identify, analyze, evaluate, and treat loss
exposures and monitor risk control and financial resources to mitigate the adverse effects of loss.