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English definition of “risk management”

risk management

noun [U]    
MANAGEMENT, INSURANCE the activity of calculating and reducing risk , so that an organization does not fail or lose money : Companies often overlook fraud in their risk management . → Compare risk assessment
FINANCE the activity of calculating and reducing risk in a set of investments , so that investors do not lose money : We don't have the right kind of risk management expertise to manage these types of investments .
(Definition of risk management noun from the Cambridge Business English Dictionary © Cambridge University Press)
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