to measure risk
51Model risk — In finance, model risk is the risk involved in using models to value financial securities.[1] Rebonato considers alternative definitions including: After observing a set of prices for the underlying and hedging instruments, different but… …
52Relative risk — In statistics and mathematical epidemiology, relative risk (RR) is the risk of an event (or of developing a disease) relative to exposure. Relative risk is a ratio of the probability of the event occurring in the exposed group versus a non… …
53Governance, Risk Management, and Compliance — Governance, Risk, and Compliance or GRC is an increasingly recognized term that reflects a new way in which organizations can adopt an integrated approach to these three areas. However, this term is often positioned as a single business activity …
54Managerial risk accounting — is concerned with the generation, dissemination and use of risk related accounting information to managers within organisations to enable them to judge and shape the risk situation of the organisation according to the objectives of the… …
55Interest rate risk — is the risk (variability in value) borne by an interest bearing asset, such as a loan or a bond, due to variability of interest rates. In general, as rates rise, the price of a fixed rate bond will fall, and vice versa. Interest rate risk is… …
56Latent extinction risk — In conservation biology, latent extinction risk is a measure of the potential for a species to become threatened.Latent risk can most easily be described as the difference, or discrepancy, between the current observed extinction risk of a species …
57Seismic risk — uses the results of a seismic hazard analysis, and includes both consequence and probability. A building located in a region of high seismic hazard is at lower risk if it is built to sound seismic engineering principles. On the other hand, a… …
58Certified Risk Manager — (CRM) is a professional designation that is earned after the completion of five practically oriented courses. This certification is for those working in risk management and related fields, such as financial, insurance, loss control, legal,… …
59equity value at risk — ( EVAR) A less commonly used synonym for value at risk. The quantity by which the assumed market value, or portfolio value, of an institution s equity is projected to decline in the event of an adverse change in prevailing interest rates. One… …
60Attributable risk — (AR) = The attributable risk of a disease given an exposure is simply the rate of disease (incidence) in the exposed people minus the rate in the unexposed people. So the attributable risk for lung cancer in smokers is, in essence, simply the… …
