acceptable risk


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Related to acceptable risk: Risk assessment

acceptable risk

[ak¦sep·tə·bəl ′risk]
(geophysics)
In seismology, that level of earthquake effects which is judged to be of sufficiently low social and economic consequence, and which is useful for determining design requirements in structures or for taking certain actions.
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Organizations must understand their acceptable risk tolerances and map those risks to their business processes and/or assets, measuring them based on how much the business would be impacted if a process is disrupted or an asset is compromised.
The most important things are to identify the hazards; focus on reducing risk, not scoring it; and determining what is acceptable risk so you have an endpoint.
Morgan Stanley also purchased and securitized many loans which its credit and compliance team recommended not be purchased, after its finance team decided that the loans had "acceptable risk," the settlement says.
is not within acceptable risk limit (Figure 3), the pipeline parameters (D, t, corrosion susceptibility and a for pipeline) may be revised to meet the target safety level.
The cashier's check scam works because banks typically permit the immediate disbursement of funds based on a cashier's check before it is finally settled and because Bar Rule 5-1.1(j) holds that cashier's checks carry a "limited and acceptable risk of failure" and are allowed to be disbursed before they are "finally settled, and credited to the lawyer's trust account."
Figure 13 shows such type of a risk matrix with the acceptable risk level one (SecR = 1) and non-acceptable risk level two (SecR = 2).
"By better understanding FHA's acceptable risk tolerance levels for a variety of credit scores, lenders will have the confidence to lend more broadly and FHA will have more data on how successful those lenders are."
"The question tends to be, is it an acceptable risk?" Sam Warburton (right) with Alun >Wyn Jones, suffered a Grade 3 hamstring rupture during the Lions tour in 2013
EPA and WERF core definition of maintaining a level of service at the lowest life-cycle cost and at an acceptable risk. Most utilities, however, only incorporate performance measures into their asset management plans.
"Reducing Coastal Risk on the East and Gulf Coasts" recommends that benefit-cost analysis, constrained by acceptable risk criteria and other important environmental and social factors, be used as a framework for evaluating national investments in coastal risk reduction.
The risk of an accident should these projects get approved is not an acceptable risk. It threatens my family's livelihood and the jobs that we create."
"We believe in this dialogue and we believe that together we can develop globally acceptable risk assessment approaches for all substances suspected of being skin sensitizers, ultimately broadening the scope beyond fragrance allergens.