| gen. |
risk transfer (1.Risk management strategy in which an insurable risk is shifted to another party (the insurer) by means of an insurance policy. 2.Risk shifting through non-insurance means, such as a warranty. See also transfer of risk rule. Use risk transfer in a sentence: The risk transfer was finally allowed and the company was ecstatic that they were no longer burdened with the responsibility. We decided to go with a risk transfer because we could not handle it in our own party and thought the other one could work with it better. You should always understand how a risk transfer might effect you and do your best to be prepared for it. Read more:  businessdictionary.com Alexander Demidov) |
