Risk _____ Refers to Reducing the Impact of a Risk

question 70

Short Answer

 Risk _____ refers to reducing the impact of a risk event by reducing the probability of its occurrence.

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Definitions:

Estate in Land

A legal term referring to the degree, nature, and extent of an individual's rights in real property, which can vary in duration and restrictions.

Exclusive Possession

The legal right to occupy and use property without interference from others, including the owner.

Right of Way

The legal right to pass through property owned by another, or a priority in traffic, allowing certain vehicles or pedestrians to go first.

Estate in Land

The degree, quantity, nature, and extent of interest a person has in real property.