FUNDAMENTAL RISK
\fˌʌndəmˈɛntə͡l ɹˈɪsk], \fˌʌndəmˈɛntəl ɹˈɪsk], \f_ˌʌ_n_d_ə_m_ˈɛ_n_t_əl ɹ_ˈɪ_s_k]\
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Loss potential. Various situations and causes contribute to the scenarios comprising this potential. Realized loss may or may not be insurable. Rises from a large number of entities impacted by negative natural or social events. Earthquakes, floods, hurricanes, inflation, unemployment, and war are such events.
By Henry Campbell Black
Word of the day
Mustagh Range
- a mountain range in northern Kashmir; an extension of the Hindu Kush; contains 2nd highest peak