RECL 3P30 Final: all lectures.docx

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Exposure to the chance of injury or loss, a hazard: its not worth the risk. C. the amount that the insurance company may lose. D. a person or thing with reference to the hazard involved in insuring him, her or it. The type of loss as life, fire, marine, disaster, or earthquake, against which an insurance policy is drawn. To expose to the chance of injury or loss; hazard: to risk ones life. *to venture upon; take or run the chance of: to risk a fall in climbing; to risk a war. Venture- to undertake to express, as when opposition or resistance appears likely to follow; be bold enough, dare. History of risk adventure and risk have been from the very beginning of human existence an integral part of character and personality. The acts of protection, defending territorial rights and foraging for food were some of the daily risks taken by early people.

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