- gross risk
- A *risk before the application of *risk management procedures. See also *inherent risk and *net risk.
Auditor's dictionary. 2014.
gross risk
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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
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net risk — A *risk after the application of *risk management procedures. Contrast *gross risk … Auditor's dictionary
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