Definitions for "Risk Control"
Selection/implementation of strategies to prevent/control hazards.
Taking actions to eliminate or reduce the likelihood that exposure to a hazard will result in injury or disease.
A risk handling option which monitors a known risk and then takes specific actions to minimize the likelihood of the risk occurring and/or reduce the severity of the consequences.
Risk Control -The use of the trade rules or restriction of losses.
This is virtually a science now, encompassing many methods of reducing the frequency or severity of losses, including loss-prevention measures, such as fire extinguishing apparatus or burglar alarms.
Using of trading rules for restriction of losses.