joshs 33.1 vocab

5. making some changes in your lifestyle can reduce your chance of having heart disease.
7. a condition that poses unknowable or unacceptable risk of loss or a situation in which the insurance would be against the law
9. a risk that meets the ideal criteria for efficient insurance. The concept of insurable risk underlies nearly all insurance decisions.
10. also called absolute risk, is a category of threat that is beyond human control and has only one possible outcome if it occurs: loss
11. arise from the four D's: disagreement, divorce, death, or disability of an essential owner, manager, or employee.

1. is the chance that macroeconomic conditions like exchange rates, government regulation, or political stability will affect an investment, usually one in a foreign country.
2. The chances of loss from various factors that can be reduced or avoided altogether.
3. a practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium.
4. are naturally occurring physical phenomena caused either by rapid or slow onset events which can be geophysical
6. the forecasting and evaluation of financial risks together with the identification of procedures to avoid or minimize their impact.
8. a situation involving exposure to danger.