A trust is a legal entity with separate and distinct rights, similar to a person or corporation. In a trust, a party known as a trustor gives another party, the trustee, the right to hold title to and manage property or assets for the benefit of a third party, the beneficiary.1 Trusts...
A fundamental idea in finance is the relationship between risk and return. The greater the amount of risk an investor is willing to take, the greater the potential return. Risks can come in various ways and investors need to be compensated for taking on additional risk. For example, a U.S...
A legal hold, also known as a litigation hold, is the process organizations use to inform relevant parties (custodians) that they must preserve their data for anticipated litigation. The duty to preserve evidence can be court-ordered or self-initiated for internal investigations, breach of contract...
First, a definition of risk management:Risk managementis the process of identifying potential risks and developing strategies to both address and minimize their effects. In the business world, risks can be categorized as any event that may negatively impact your organization, such as credit card fra...
Legal observers generally stick to a clear code of conduct. They do not become physically involved, and they aim to remain nonconfrontational and within the law at all times. Every incident is clearly logged with as much information as possible so that the legal observer's notes can be used...
Assumption of Risk is a legal term that describes a situation in which an individual voluntarily accepts the inherent risks involved in a particular activity or situation. It is often used in cases where an individual has been injured or harmed and may be used as a defense by the responsible...
Legal operations (legal ops) is the combination of business activities, processes, and professionals that enable in-house legal departments to serve their companies more effectively. It encompasses a variety of activities that do not require a license to practice law, such as strategic planning, pro...
What Is Riskware? Any software that features risks like security vulnerabilities, legal violations, or software incompatibilities is considered riskware. With that being said, not all riskware is a form of malware. Riskware includes both legitimate and illegitimate software that is vulnerable tocyber ...
What is a risk assessment? Risk assessment is the process of identifying hazards that could negatively affect an organization's ability to conduct business. These assessments help identifyinherent business risksand prompt measures, processes and controls to reduce the impact of these risks on business...
While it is true that no investment is fully free of all possible risks, certain securities have so little practical risk that they are considered risk-free or riskless. Riskless securities often form a baseline for analyzing and measuring risk. These types of investments offer an expected rate ...