Definition of Residual risk:
Exposure to loss remaining after other known risks have been countered, factored in, or eliminated.
How to use Residual risk in a sentence?
- You should always weigh the residual risk against the potential reward when you are trying to figure out if it is worth pursuing.
- A company or business may still have residual risk if they have a system in place that automatically scans for cyber threats.
- I wondered if there was any residual risk that might mess up what we had going on at the moment.
Meaning of Residual risk & Residual risk Definition