CEVAP:

There is no uniform definition, but generally, it is defined as the probability of facing loss or unintended consequences. Here is the definition Cecchetti and Schoenholtz propose: Risk is a measure of uncertainty about the future payoff an investment, assessed over a particular time horizon and relative to a benchmark. To rephrase the definition, we can say that, from a financial perspective, risk is the degree of uncertainty about the return of future net cash flows generated from a particular investment.