The Shifting of risk from one party to another.
a contractual arrangement between two parties for delivery and acceptance of a product where the liability for the costs of a risk is transferred from one party to the other.
A risk management technique whereby one party (transferor) pays another (transferee) to assume a risk that the transferor desires to escape.
A process that causes property or personnel risks to be shifted from one party (the transferor) to another party (the transferee).
Shifting the responsibility or burden for loss to another party through legislation, contract, insurance or other means. Risk transfer can also refer to shifting a physical risk or part thereof elsewhere.
The decision by a risk manager to transfer the burden of a loss to an insurance company by purchasing insurance or to some other person or group of persons.
Transferring to another responsibility for a potential source of loss or for the financial consequences of any such loss that may occur.
A transfer of risk between parties where the party that transfers the risk pays some form of compensation. Risk can be transferred in various ways including through the use of derivatives or the purchase of insurance.
contractual arrangement between two part ies for delivery and acceptance of a product where the liability for the cost s of a risk is be transferred from one part y to the other. [D01749] WST
