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Risk  (n) - exposure to the chance of injury or loss; a hazard or dangerous chance; to run risks, "The Macquarie Concise Dictionary"


Risk

the chance of something happening that will have an impact upon

objectives. It is measured in terms of consequences and likelihood. "Australian Standard - AS/NZS 4360:2004 Risk Management"


Scope of applicability of the standard includes Foreign Exchange and Investments.


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