Financial Risk Management Vocabulary

verb to keep away from; to prevent from happening

• It is advisable to avoid making any hasty decisions without proper consideration.
• I try to avoid eating fast food as much as possible.
• I always steer clear of drama at school to avoid unnecessary trouble.
• She tried to avoid facing her fears, but eventually had to confront them.

adjective referring to something risky or uncertain

• Investing in the stock market can be quite chancy and requires careful consideration.
• Relying on luck in the stock market is pretty chancy, if you ask me.
• Playing the lottery is way too chancy for my liking.
• Taking a chancy leap of faith can sometimes lead to great rewards.

noun the condition of being exposed to something, such as a harmful substance or a difficult situation

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• The study aimed to measure the level of exposure to air pollution in urban areas.
• She has had a lot of exposure to different cultures through her travels.
• I need to get some exposure for my new business on social media.
• His sudden exposure to fame was overwhelming for him.

adjective having or showing an intense and selfish desire for something, especially wealth or power

• The greedy businessman exploited his workers for maximum profit.
• She's so greedy, always taking more than her fair share.
• That guy is a total greedy pig, never sharing anything.
• His greedy appetite for power knows no bounds.

noun the action of protecting someone or something

• The government has implemented strict laws for the protection of endangered species.
• Make sure to wear sunscreen for protection from the sun.
• I always carry pepper spray with me for some extra protection.
• His tough exterior was just a form of self-protection from getting hurt.

noun a device or method used to restrict movement or action

verb to hold back, control, or limit

adjective showing careful self-control

• The suspect was restrained by the police officers during the arrest.
• I had to restrain myself from laughing during the serious meeting.
• He had to be restrained from getting into a fight at the bar.
• Her emotions were restrained, hidden beneath a calm exterior.

noun Video Assistant Referee (VAR) is a technology used in soccer to help referees make more accurate decisions.

adjective There are specific rules and regulations that govern the use of VAR in soccer matches.

• The VAR system in football has helped referees make more accurate decisions.
• VAR is supposed to make sure there are no more controversial calls in soccer.
• VAR is the new sheriff in town when it comes to officiating in sports.
• In life, we sometimes wish we had a VAR system to review our decisions before making them.

noun A mistake or oversight made by a person

• The investigation concluded that the plane crash was caused by human error.
• The reason the project failed was simply human error.
• Oops, that mistake was all human error.
• In the game of life, human error is just another obstacle to overcome.

noun a colloquial term for a postnuptial agreement, a legal contract made after a couple gets married outlining the division of assets in the event of divorce or death

• The couple decided to sign a post-nup agreement to protect their assets in case of a divorce.
• They finally got around to doing a post-nup after years of procrastination.
• I heard they're getting a post-nup because they don't trust each other.
• Signing a post-nup felt like putting a safety net under their marriage.

adverb relating to actuarial calculations or the work of an actuary

• The insurance company used actuarially sound methods to determine premium rates.
• The insurance company figured out the rates using actuarially stuff.
• The insurance company crunch the numbers actuarially to set the prices.
• She approached the problem actuarially, carefully calculating each step before taking action.

noun a person who compiles and analyzes statistics and uses them to calculate insurance risks and premiums

• Actuaries play a crucial role in assessing and managing financial risks for insurance companies.
• My cousin is studying to become an actuary and he says it's a challenging but rewarding career.
• Actuaries are like math wizards who work their magic with numbers to predict future outcomes.
• Actuaries are the architects of financial security, building strong foundations for businesses to thrive.