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Likelihood vs. Risk — What's the Difference?

Difference Between Likelihood and Risk

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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
Jul 02, 2022

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.
Jul 02, 2022

Likelihood

The state of being probable; probability.
Jul 02, 2022

Risk

The possibility of suffering harm or loss; danger.
Jul 02, 2022

Likelihood

Something probable.
Jul 02, 2022
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Risk

A factor, thing, element, or course involving uncertain danger; a hazard
"the usual risks of the desert.
Jul 02, 2022

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.
Jul 02, 2022

Risk

The danger or probability of loss to an insurer.
Jul 02, 2022

Likelihood

The probability that some fixed outcome was generated by a random distribution with a specific parameter.
Jul 02, 2022

Risk

The amount that an insurance company stands to lose.
Jul 02, 2022
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Likelihood

Likeness, resemblance.
Jul 02, 2022

Risk

The variability of returns from an investment.
Jul 02, 2022

Likelihood

(archaic) Appearance, show, sign, expression.
Jul 02, 2022

Risk

The chance of nonpayment of a debt.
Jul 02, 2022

Likelihood

Appearance; show; sign; expression.
What of his heart perceive you in his faceBy any likelihood he showed to-day ?
Jul 02, 2022

Risk

One considered with respect to the possibility of loss
A poor risk.
Jul 02, 2022

Likelihood

Likeness; resemblance.
There is no likelihood between pure light and black darkness, or between righteousness and reprobation.
Jul 02, 2022

Risk

To expose to a chance of loss or damage; hazard.
Jul 02, 2022

Likelihood

Appearance of truth or reality; probability; verisimilitude.
Jul 02, 2022

Risk

To incur the risk of
His action risked a sharp reprisal.
Jul 02, 2022

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..
Jul 02, 2022

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.
Jul 02, 2022

Likelihood

The probability of a specified outcome
Jul 02, 2022

Risk

(uncountable) The magnitude of possible loss consequent to a decision or event.
Jul 02, 2022

Risk

The potential negative effect of an event, determined by multiplying the likelihood of the event occurring with its magnitude should it occur.
Jul 02, 2022

Risk

(countable) A possible adverse event or outcome.
Jul 02, 2022

Risk

(insurance) A type of adverse event covered under an insurance policy.
Jul 02, 2022

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.
Jul 02, 2022

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.
Jul 02, 2022

Risk

(finance) A financial product (typically an investment).
Subprime mortgages are poor risks; especially for a pension scheme.
Jul 02, 2022

Risk

(insurance) An entity insured by an insurer.
Jul 02, 2022

Risk

(transitive) To incur risk of (something).
Jul 02, 2022

Risk

(transitive) To incur risk of harming or jeopardizing.
Jul 02, 2022

Risk

(transitive) To incur risk as a result of (doing something).
Jul 02, 2022

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.
Jul 02, 2022

Risk

Hazard of loss; liabillity to loss in property.
Jul 02, 2022

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.
Jul 02, 2022

Risk

To incur the risk or danger of; as, to risk a battle.
Jul 02, 2022

Risk

A source of danger; a possibility of incurring loss or misfortune;
Drinking alcohol is a health hazard
Jul 02, 2022

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
Jul 02, 2022

Risk

The probability of becoming infected given that exposure to an infectious agent has occurred
Jul 02, 2022

Risk

The probability of being exposed to an infectious agent
Jul 02, 2022

Risk

Expose to a chance of loss or damage;
We risked losing a lot of money in this venture
Why risk your life?
Jul 02, 2022

Risk

Take a risk in the hope of a favorable outcome;
When you buy these stocks you are gambling
Jul 02, 2022

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