Risk Avoidance

Business, Legal & Accounting Glossary

Definition: Risk Avoidance


Risk Avoidance


Full Definition of Risk Avoidance


A risk management technique that seeks to eliminate any possibility of risk through hazard prevention, or the discontinuation of activities determined to entail any level of risk. Often used in extreme situations where the risk exposure creates an extraordinary liability potential.


Cite Term


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Page URL
https://payrollheaven.com/define/risk-avoidance/
Modern Language Association (MLA):
Risk Avoidance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 28, 2024 https://payrollheaven.com/define/risk-avoidance/.
Chicago Manual of Style (CMS):
Risk Avoidance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/risk-avoidance/ (accessed: March 28, 2024).
American Psychological Association (APA):
Risk Avoidance. PayrollHeaven.com. Retrieved March 28, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/risk-avoidance/

Definition Sources


Definitions for Risk Avoidance are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 16th November, 2021 | 0 Views.