The United States Army considers itself descended from the Continental Army, and dates its institutional inception from the origin of that armed force in 1775. As a uniformed military service, the Army is part of the Department of the Army, which is one of the three military departments of the Department of Defense.
Pure risk, also known as absolute risk, is insurable. Speculative Risk: Three possible outcomes exist in speculative risk: something good (gain), something bad (loss) or nothing (staying even). Gambling and investing in the stock market are two examples of speculative risks.
What is Residual Risk? My Accounting Course 2017-10-10T04:04:14+00:00 Definition: Residual risk, also called inherent risk, is the balance of risk exposure after identifying and acting on all known threats. In other words, itâs the danger that there will be a loss causing threat that isnât identified and taken into consideration. What Does Residual Risk Mean? What is the definition of residual risk?