A risk that may result in a loss or gain.
A type of risk with three possible outcomes: gain, loss or no change.
A type of risk that involves the chance of both loss and gain; not insurable.
Uncertainty about whether a gain or loss will occur.
Exposure that offers extreme opportunity for both gain and loss.
Risking a sum of money with the chance of gain as well as the chance of loss, e.g., putting risk capital into a business, or wagering.
Risk which entails a chance of gain as well as a chance of loss. Contrast with Pure risk.
Uncertainty as to whether a gain or loss will occur. An example would be a business enterprise where there is a chance that the business will make money or lose it. Speculative risks are not normally insurable. Contrast with Pure Risk.