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risk
(redirected from Cost of failure)

    Also found in: Medical, Legal, Financial, Wikipedia 0.04 sec.

risk

In economics and finance, an allowance for the hazard (risk) in an investment or loan. Default risk refers to the chance that a borrower will not repay a loan. If a banker believes that a borrower may not repay a loan, the banker will charge the true interest plus a premium for the default risk, the premium depending on the degree of presumed risk. All stock investment carries an implicit risk since there is no guarantee of return on investment. Trading or variability risk is the amount that the return may vary, up or down, from the expected return on investment.

The expectation of loss. It is a function of the probability and the consequences of harm. See risk assessment.
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Yes, I acknowledge that there is a built-in reticence to try some new things because of the enormous cost of failure, but it is not like (a) lasers are new, untried technology or (b) there aren't applications (e.
Think again: what you know and what you do may not be enough to be ... by Vasilash, Gary S. / Automotive Design & Production
The reality is too complicated and the cost of failure too devastating to reduce this to a one-source solution.
Sources of blood lead in children by Jacobs, David E. / Environmental Health Perspectives
In general, the higher the risk or cost of failure, the more often you need to check the grounding system.
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