risk retention

An alternative term for *risk acceptance.

Auditor's dictionary. 2014.

Look at other dictionaries:

  • Risk management — For non business risks, see risk, and the disambiguation page risk analysis Example of risk management: A NASA model showing areas at high risk from impact for the International Space Station. Risk management is the identification, assessment,… …   Wikipedia

  • retention — re·ten·tion /ri ten chən/ n 1: the act of retaining or the state of being retained 2: the portion of the insurance on a particular risk not reinsured or ceded by the originating insurer Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Risk Management Information Systems — (RMIS) are typically computerized systems that assist in consolidating property values, claims, policy, and exposure information and provide the tracking and management reporting capabilities to enable you to monitor and control your overall cost …   Wikipedia

  • Risk financing — In business economics, risk financing is concerned with providing funds to cover the financial effect of unexpected losses experienced by a firm. Traditional forms of finance include, funded retention by way of reserves (often called self… …   Wikipedia

  • Terrorism Risk Insurance Act — The Terrorism Risk Insurance Act (TRIA) is a United States federal law signed into law by President George W. Bush on November 26, 2002. The Act created a federal backstop for insurance claims related to acts of terrorism. The Act is intended as… …   Wikipedia

  • Underlying Retention — The net amount of risk or liability arising from an insurance policy (or policies) that is retained by a ceding company after reinsuring the balance amount of the risk or liability. The degree of underlying retention will vary depending on the… …   Investment dictionary

  • Variable retention — is a relatively new silvicultural system that follows nature s model by always retaining a significant part of the forest after harvesting. Variable retention harvests serve to promote desired natural regeneration while preserving unique features …   Wikipedia

  • Systemic risk — In finance, Systemic Risk is that risk which is common to an entire market and not to any individual entity or component thereof. It can be defined as financial system instability, potentially catastrophic, caused or exacerbated by idiosyncratic… …   Wikipedia

  • Title retention clause — A retention of title clause (also called a Romalpa clause in some jurisdictions [Named after the decision in Aluminium Industrie v Romalpa [1976] 1 WLR 676] ) is a provision in a contract for the sale of goods that the title to the goods remains… …   Wikipedia

  • Finite Risk insurance — is the term applied within the insurance industry to describe an Alternative Risk Transfer product that is typically a multi year insurance contract where the insurer bears limited underwriting, credit, investment and timing risk. The assessment… …   Wikipedia

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