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Encyclopedia Britannica



RISK

This article appears in Volume V23, Page 366 of the Encyclopedia Britannica.

Encyclopedia Britannica - Main :: RHY-RON
RISK , hazard, chance of danger or loss, especially the chance of loss to property or goods which an insurance
company
  undertakes to make good to the insurer in return for the re-current payment of a sum called the premium (see INSURANCE). The word appears
late
  in
English
 , and in the 17th
century
  in the Fr. form risque or It. risco or risgo, for risico, risigo; cf. Sp. riesgo. The Med. Lat. riscus, rischium, and risicum are found, according to Du Cange (
Gloss
 ., qq.v.), as early as the 13th
century
 .
Skeat
  (Etym. Dict., 1910) accepts Diez's
suggestion
  that the word is originally a sailor's
term
 , and is to be referred to Sp. risco, a steep
rock
 , from Lat. resecare, to cut back, shut off; thus Sp. arriesgar, to run into danger, means literally " to go against a
rock
 ."


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