What is the meaning of unexpected loss or unexpected risk?

unexpected loss or unexpected risk is the portion or component of risk or loss that exceeds the predicted amount.

Barry Goldsmith
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APABarry Goldsmith. (2010). unexpected loss or unexpected risk. Retrieved September 22, 2026, from http://smartdefine.org/unexpected_loss_or_unexpected_risk/definitions/1165884
ChicagoBarry Goldsmith. 2010. "unexpected loss or unexpected risk" http://smartdefine.org/unexpected_loss_or_unexpected_risk/definitions/1165884 (accessed September 22, 2026).
HarvardBarry Goldsmith 2010, unexpected loss or unexpected risk, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/unexpected_loss_or_unexpected_risk/definitions/1165884>.
MLABarry Goldsmith. "unexpected loss or unexpected risk" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/unexpected_loss_or_unexpected_risk/definitions/1165884>