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Definition of Risk:
In basic sense, risk is the chance of financial loss. Risk is present whenever future events are not completely predictable.
Risk is the variability of return associated with a given asset.
Risk is the outcomes that actual outcomes may differ from those expected.
 
The probability, that an actual return on an investment will be lower than the expected return. The source of such disappointment is the failure of dividends (interest) and/or the security’s price to materialize as expected.
For example, a U.S. Treasury bond is considered to be one of the safest (risk-free) investments and,
Risk and Classification of Risk Full View

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