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English definition of “risk assessment”

risk assessment

noun    
[C or U] (also risk analysis) MANAGEMENT the process of finding out how much risk is involved in doing something: He has responsibility for financial management, strategic planning and risk assessment. carry out/do a risk assessment → Compare risk management
[C] a report of how much of a risk someone or something might be: A recent report estimated that almost 50% of lenders price customers according to their individual risk assessment.
(Definition of risk assessment noun from the Cambridge Business English Dictionary © Cambridge University Press)
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