risk avoidance — An informed decision not to accept the *risks (and *rewards) of an activity or *market. Refraining from involvement in an activity or a market, or disengaging from existing commitments, can sometimes be a costly strategy, as it can involve… … Auditor's dictionary
Risk management — For non business risks, see risk, and the disambiguation page risk analysis Example of risk management: A NASA model showing areas at high risk from impact for the International Space Station. Risk management is the identification, assessment,… … Wikipedia
risk — {{Roman}}I.{{/Roman}} noun ADJECTIVE ▪ big, considerable, enormous, grave, great, high, huge, major, serious, significant … Collocations dictionary
avoidance — avoid a‧void [əˈvɔɪd] verb [transitive] TAX LAW if you avoid tax, you manage to not pay it legally, for example by the way that you enter profits or losses into your accounts: • Investing in this way allows savers to avoid tax upon withdrawal.… … Financial and business terms
risk management — The assessment, evaluation, and monitoring of *risks in an activity or organization, with the undertaking of necessary corrective actions. Risk management is a comprehensive process that aims to create a disciplined environment for the… … Auditor's dictionary
risk elimination — The complete removal of a *risk. Unlike *risk avoidance, risk elimination does not necessarily imply nonengagement in (or disengagement from) an activity or *market. Risk elimination techniques can be costly. For example, an organization can… … Auditor's dictionary
risk acceptance — An informed decision to accept the *risks (and *rewards) of an activity or *market. For example, the risks of operating in high technology markets can be extremely high, owing to the danger of rapid *product Obsolescence, but markets of this type … Auditor's dictionary
avoidance — I (cancellation) noun abrogation, annulling, annulment, cancelling, cessation, discontinuation, dismissal, invalidation, making useless, nullifying, quashing, removal, rendering void, rescission, setting aside, vacating, vacation, voidance… … Law dictionary
risk aversion — Attitudes toward *risk characterized by avoidance or minimization. Risk averse investors are deemed to have low *risk appetites they prefer certain but relatively low rates of *return over doubtful but higher rates of return. For example, an… … Auditor's dictionary
avoidance — noun Avoidance is used before these nouns: ↑mechanism, ↑tactic Avoidance is used after these nouns: ↑conflict, ↑risk, ↑tax … Collocations dictionary
Tax avoidance and tax evasion — Tax avoidance is the legal utilization of the tax regime to one s own advantage, in order to reduce the amount of tax that is payable by means that are within the law. By contrast tax evasion is the general term for efforts to not pay taxes by… … Wikipedia
