assigned risk

noun

: a poor risk (such as an accident-prone motorist) that insurance companies would normally reject but are forced to insure by state law

Examples of assigned risk in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
In the end, experts assigned risk estimates to different experiments, applying safety guidelines accordingly. Michelle Cheng, Quartz, 3 May 2023

Word History

First Known Use

1940, in the meaning defined above

Time Traveler
The first known use of assigned risk was in 1940

Dictionary Entries Near assigned risk

Cite this Entry

“Assigned risk.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/assigned%20risk. Accessed 21 Nov. 2024.

Legal Definition

assigned risk

noun
: a poor risk (as an accident-prone driver) that insurance companies would normally reject but are forced to insure by state law
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!