Risk Assessment Terms

noun a possibility of something happening

verb to risk or take the opportunity to do something

• There is a chance of rain later this evening.
• Hey, do you want to take a chance and try that new restaurant?
• I think we should give it a shot and see if we get lucky.
• Life is full of chances, we just have to be willing to take them.

verb to predict or anticipate something happening in the future

• Based on the current market trends, we can foresee a decrease in sales for the upcoming quarter.
• I can foresee a fun weekend ahead with all the plans we have made.
• I didn't foresee the party getting shut down so early.
• She could foresee the storm brewing in his eyes before he even spoke.

noun careful consideration or thought for the future

adjective relating to or involving forethought

• The architect's design showed great forethought in considering the building's environmental impact.
• I wish I had more forethought before agreeing to go on this camping trip.
• I totally forgot to bring snacks to the party, I had zero forethought!
• Having good forethought is like having a crystal ball to predict the future.

noun a word that refers to a person, place, thing, event, substance, or quality

• The insurance company denied my claim due to lack of proper documentation.
• I had to fight with the insurance company to get them to cover the damages.
• I can't believe the insurance company is trying to weasel out of paying for this.
• Dealing with the insurance company felt like navigating a maze of paperwork and bureaucracy.

adjective describes the likelihood of something happening

preposition introduces a phrase indicating the probability of an action or event

• The new regulations are likely to have a significant impact on the economy.
• I think she's likely to be late to the meeting again.
• He's likely to bail on us tonight, he always does.
• Her words were likely to cut deep, given the sensitive nature of the topic.

noun the quality of being cautious, discreet, and wise in making decisions

• It is always wise to exercise prudence when making financial decisions.
• Hey, maybe we should use a little prudence before spending all our money on that new gadget.
• Dude, have some prudence and think before you act.
• In matters of the heart, prudence can save you from unnecessary pain.

noun a quality of being impulsive or hasty in decision-making

• His rashness in making decisions without considering all the facts often led to negative consequences.
• Her rashness in spending money without budgeting properly caused her financial troubles.
• Dude, your rashness in talking back to the boss is gonna get you fired!
• The company's rashness in expanding too quickly resulted in bankruptcy.

adjective describing something that has not been planned or thought out in advance

• The uncalculated risks taken by the company led to a significant financial loss.
• His uncalculated decision to quit his job without another one lined up was risky.
• She made an uncalculated move in the game that cost her the win.
• His uncalculated words during the argument caused irreparable damage to their relationship.

noun A person who is exceptionally skilled at making accurate predictions about future events

• The superforecaster accurately predicted the outcome of the stock market.
• The superforecaster knew exactly which team would win the game.
• That guy is a total superforecaster when it comes to picking winning lottery numbers.
• She's like a superforecaster when it comes to anticipating trends in the fashion industry.

noun Acronym for 'Healthcare Common Procedure Coding System', a standardized coding system used for billing and reimbursement in the healthcare industry.

• HCC stands for hepatocellular carcinoma, a type of liver cancer.
• My uncle was diagnosed with HCC last month.
• I heard that HCC is no joke, it's a serious condition.
• Dealing with HCC is like facing a formidable opponent in a battle.

adjective relating to actuaries or the work of actuaries, typically involving statistical analysis and risk assessment

• The actuarial department is responsible for calculating insurance premiums based on risk assessment.
• The actuarial team crunches numbers to figure out how much we should pay for insurance.
• The actuarial guys are the ones who do all the math to set insurance prices.
• In life, we all have to do our own actuarial calculations to determine our risks and rewards.

noun a dead cert

adjective dead - devoid of life, cert - short for certainty, indicating something that is guaranteed or certain

• Based on the data and analysis, the outcome of the project is a dead cert.
• With her skills and experience, getting the job is a dead cert for her.
• I'm telling you, his team winning the championship is a dead cert.
• The way he's been practicing, his success in the competition is a dead cert.

noun the quality of being advisable or prudent; the state of being advisable

• The advisability of investing in that particular stock is still under debate among financial experts.
• I'm not sure about the advisability of going to that party tonight, it might be too crowded.
• I don't think it's a good idea to skip class, the advisability of that is pretty low.
• In the game of chess, the advisability of sacrificing a pawn for a strategic advantage is often a calculated risk.