The level of risk associated with a hazard in the past. The level of risk may have been altered by changes in consequence, frequency or prevention, preparedness, mitigation, response or recovery practices
Ministry of Community Safety and Correctional Services, Hazard Identification and Risk Assessment for the Province of Ontario, Glossary of Terms (Definitions),ON, Canada 2011. http://www.advisornetpc.com/insurance-glossary, (Rsk Assess and Mgt Procss - Canad) {868}