Definitions for legal risk
le·gal risk

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1. Legal risk

   Basel II classified Legal risk as a subset of Operational Risk in 2003. There is no standard definition, but there are at least two primary/secondary definition sets in circulation. Mcormick, R. 2004 Legal risk is the risk of loss to an institution which is primarily caused by: a defective transaction; or a claim being made or some other event occurring which results in a liability for the institution or other loss or; failing to take appropriate measures to protect assets owned by the institution; or change in law. The expenses of litigation of a company. The risk of financial or reputational loss arising from: regulatory or legal action; disputes for or against the company; failure to correctly document, enforce or adhere to contractual arrangements; inadequate management of non-contractual rights; or failure to meet non-contractual obligations. The cost and loss of income caused by legal uncertainty, multiplied by possibility of the individual event or legal environment as a whole. One of the most obvious legal risks of doing business not mentioned in the above definitions is the risk of arrest and prosecution.

How to pronounce legal risk?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say legal risk in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of legal risk in Chaldean Numerology is: 5

2. Pythagorean Numerology

   The numerical value of legal risk in Pythagorean Numerology is: 4

Examples of legal risk in a Sentence

1. Rory Fyfe:

   I expect this is a reflection of poor international demand, it was not worth it from their view. If there's no substantial value or demand why do it and take additional legal risk?.

2. Bridget Brennan:

   This is a serious problem, the failure to include methamphetamine crimes among bail-eligible offenses was probably an oversight. However, in the last few decades, meth has poured into the Big Apple, frustrating police and allowing drug cartels to make a profit at far smaller legal risk than elsewhere. Brennan said in a statement.

3. Chris Coons:

   The evidence that's been presented in the Michael Cohen case -- that the President directed him to engage in payments that were intended to influence the outcome of the election -- really sharpens the President's legal risk here.

4. Brendan Schwab:

   We are concerned that some sports bodies are trying to place the economic and legal risk of contracting the disease on to players and that is something which we think should not be tolerated.

5. Felicia Ellsworth:

   They did it to have a full and frank airing of legal risk.

References

1. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=legal risk