Risk

{
  "id": "MLC-T-LAW-004352",
  "term": "Risk",
  "field": "Law",
  "definition": "The possibility of suffering harm or loss, often quantified by the probability of an event occurring and the magnitude of its potential negative consequences. In legal contexts, risk assessment informs decisions regarding liability, insurance, and regulatory compliance. Parties frequently allocate or mitigate risk through contractual provisions.",
  "url": "https://mlchart.com/terminology/law/risk/"
}