Definitions for "ACCEPTABLE RISK"
The level of Residual Risk that has been determined to be a reasonable level of potential loss/disruption (see Total Risk, Residual Risk, and Minimum Level of Protection).
Probability of suffering disease or injury which is considered to be sufficiently small to be "negligible". PS tolerable risk. RT accepted risk, negligible risk, risk de minimis.
Probability of a human and material loss of a certain degree that is perceived by the community or relevant authorities as tolerable compared to actions necessary to minimize this probability. syn. calculated risk.131