Definition of: risk

(risk) noun
1. A chance of encountering harm or loss; hazard; danger.
2. In insurance, hazard of loss, as of a ship or cargo, or of goods or other property; also, degree of exposure to loss or injury.
3. An obligation or contract of insurance on the part of the insurer: to take a risk on a cargo.
4. An applicant for an insurance policy considered with regard to the advisability of placing insurance upon him. See synonyms under DANGER, HAZARD.
—v.t.
1. To expose to a chance of injury or loss; hazard.
2. To incur the risk of. [<F risque <Ital. rischio <risicare dare, ult. <Gk. rhiza cliff, root]
—risk′er noun