- A *risk before the application of *risk management procedures. See also *inherent risk and *net risk.
Auditor's dictionary. 2014.
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Gross premiums written — When a non life insurance company closes a contract to provide insurance against loss, the revenues (premiums) expected to be received over the life of the contract are called gross premiums written. Insurance companies often purchase reinsurance … Wikipedia
risk avoidance — An informed decision not to accept the *risks (and *rewards) of an activity or *market. Refraining from involvement in an activity or a market, or disengaging from existing commitments, can sometimes be a costly strategy, as it can involve… … Auditor's dictionary
gross premium — The net premium, which is the cost of the insurance, that is, the amount required on an actuarial basis to carry the risk, plus loading for expenses and contingencies. Fox v Mutual Ben. Life Ins. Co. (CA8 Mo) 107 F2d 715 … Ballentine's law dictionary
inherent risk — The *risk that items in financial statements are *misstated. Inherent risk is considered alongside *control risk and *detection risk to be one of three components of external *audit risk (definition 1). The term is sometimes also used in the… … Auditor's dictionary
net risk — A *risk after the application of *risk management procedures. Contrast *gross risk … Auditor's dictionary
Standardized approach (operational risk) — In the context of operational risk, the standardized approach or standardised approach is a set of operational risk measurement techniques proposed under Basel II capital adequacy rules for banking institutions.Basel II requires all banking… … Wikipedia
Real Time Gross Settlement — systems (RTGS) are a funds transfer mechanism where transfer of money takes place from one bank to another on a real time and on gross basis. Settlement in real time means payment transaction is not subjected to any waiting period. The… … Wikipedia
William H. Gross — (born 1944) is an American financial manager and investment author.He was born in Middletown, Ohio, and graduated from Duke University. He served in the Navy, and earned an MBA from the University of California, Los Angeles. Gross briefly played… … Wikipedia
High Risk (1995 film) — High Risk Hong Kong film poster Traditional 鼠膽龍威 Simplified … Wikipedia
Marjorie Gross — (April 18, 1956–June 7, 1996) was a television writer and producer. She wrote for such shows as Newhart, The Larry Sanders Show, Square Pegs and Seinfeld. Contents 1 Biography 1.1 Death 2 Refere … Wikipedia