residual risk

Definition

A risk that remains after all efforts have been made to mitigate or eliminate risks associated with a business process or investment. After a risk assessment, a residual risk may be known but not completely controllable, or, it may not be known. In either case, the residual risk is assumed by whoever owns the investment or the business process.

Use residual risk in a sentence

You need to find a way to make sure that you limit the residual risk before you take on any new deal.

​ Was this Helpful? YES  NO 25 out of 25 people found this helpful.

I wondered if there would be any residual risk, but I learned that there would not be and everything would be okay.

​ Was this Helpful? YES  NO 25 out of 25 people found this helpful.

The residual risk was still existing despite all efforts to curtail or lower the risk we would be exposing ourselves to.

​ Was this Helpful? YES  NO 25 out of 25 people found this helpful.

Show more usage examples...

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
residual process residual security