RISK. In insurance law
Categories: Contracts
Definition (1910 Edition)
the danger or hazard of a loss of the property insured; the casualty contemplated in a contract of insurance; the degree of hazard; and, colloquially, the specific house, factory, ship, etc., covered by the policy.
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain.
UK commentary and modern updates are original additions. This entry is for educational
reference only and does not constitute legal advice.