What does residual risk mean?

Definitions for residual risk
resid·ual risk

This dictionary definitions page includes all the possible meanings, example usage and translations of the word residual risk.

Wiktionary

  1. residual risknoun

    The risk left over after safeguards (mitigation strategies) have been implemented.

Wikidata

  1. Residual risk

    The residual risk is the risk or danger of an action or an event, a method or a process that, although being abreast with science, still conceives these dangers, even if all theoretically possible safety measures would be applied. The formula to calculate residual risk is x where inherent risk is. In the economic context, residual means “the quantity left over at the end of a process; a remainder”. In the property rights model it is the shareholder that holds the residual risk and therefore the residual profit.

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Numerology

  1. Chaldean Numerology

    The numerical value of residual risk in Chaldean Numerology is: 6

  2. Pythagorean Numerology

    The numerical value of residual risk in Pythagorean Numerology is: 2

Examples of residual risk in a Sentence

  1. John Brooks:

    We can safely reduce the length of quarantine, but accepting there is a small residual risk that a person who is leaving quarantine early could transmit to someone else if they became infectious.


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"residual risk." Definitions.net. STANDS4 LLC, 2025. Web. 13 Feb. 2025. <https://www.definitions.net/definition/residual+risk>.

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