Likelihood vs. Risk — What's the Difference?
Difference Between Likelihood and Risk
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Compare with Definitions
Likelihood
The state or fact of something's being likely; probability
Situations where there is a likelihood of violence
Young people who can see no likelihood of finding employment
Risk
In simple terms, risk is the possibility of something bad happening. Risk involves uncertainty about the effects/implications of an activity with respect to something that humans value (such as health, well-being, wealth, property or the environment), often focusing on negative, undesirable consequences.
Likelihood
The state of being probable; probability.
Risk
The possibility of suffering harm or loss; danger.
Likelihood
Something probable.
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Risk
A factor, thing, element, or course involving uncertain danger; a hazard
"the usual risks of the desert.
Likelihood
The probability of a specified outcome; the chance of something happening; probability; the state or degree of being probable.
In all likelihood the meeting will be cancelled.
The likelihood is that the inflation rate will continue to rise.
Risk
The danger or probability of loss to an insurer.
Likelihood
The probability that some fixed outcome was generated by a random distribution with a specific parameter.
Risk
The amount that an insurance company stands to lose.
Likelihood
Likeness, resemblance.
Risk
The variability of returns from an investment.
Likelihood
(archaic) Appearance, show, sign, expression.
Risk
The chance of nonpayment of a debt.
Likelihood
Appearance; show; sign; expression.
What of his heart perceive you in his faceBy any likelihood he showed to-day ?
Risk
One considered with respect to the possibility of loss
A poor risk.
Likelihood
Likeness; resemblance.
There is no likelihood between pure light and black darkness, or between righteousness and reprobation.
Risk
To expose to a chance of loss or damage; hazard.
Likelihood
Appearance of truth or reality; probability; verisimilitude.
Risk
To incur the risk of
His action risked a sharp reprisal.
Likelihood
Statistical probability; probability of being true or of occurring in the future; as, the likelihood of being abducted by aliens is close to zero..
Risk
(uncountable) The probability of a negative outcome to a decision or event.
There is risk of being brutalized, arrested, imprisoned and tortured, all because I want you to know the truth about this matter.
Likelihood
The probability of a specified outcome
Risk
(uncountable) The magnitude of possible loss consequent to a decision or event.
Risk
The potential negative effect of an event, determined by multiplying the likelihood of the event occurring with its magnitude should it occur.
Risk
(countable) A possible adverse event or outcome.
Risk
(insurance) A type of adverse event covered under an insurance policy.
Risk
(countable) A thing (from the perspective of how likely or unlikely it is to cause an adverse effect).
That man is going to be a big risk once he's out of prison.
Those stairs are a major risk.
Risk
A borrower (such as a mortgage-holder or person with a credit card).
A good credit rating indicates the customer is a desirable risk.
Risk
(finance) A financial product (typically an investment).
Subprime mortgages are poor risks; especially for a pension scheme.
Risk
(insurance) An entity insured by an insurer.
Risk
(transitive) To incur risk of (something).
Risk
(transitive) To incur risk of harming or jeopardizing.
Risk
(transitive) To incur risk as a result of (doing something).
Risk
Hazard; danger; peril; exposure to loss, injury, or destruction.
The imminent and constant risk of assassination, a risk which has shaken very strong nerves.
Risk
Hazard of loss; liabillity to loss in property.
Risk
To expose to risk, hazard, or peril; to venture; as, to risk goods on board of a ship; to risk one's person in battle; to risk one's fame by a publication.
Risk
To incur the risk or danger of; as, to risk a battle.
Risk
A source of danger; a possibility of incurring loss or misfortune;
Drinking alcohol is a health hazard
Risk
A venture undertaken without regard to possible loss or injury;
He saw the rewards but not the risks of crime
There was a danger he would do the wrong thing
Risk
The probability of becoming infected given that exposure to an infectious agent has occurred
Risk
The probability of being exposed to an infectious agent
Risk
Expose to a chance of loss or damage;
We risked losing a lot of money in this venture
Why risk your life?
Risk
Take a risk in the hope of a favorable outcome;
When you buy these stocks you are gambling
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