Cost vs Risk - What's the difference?
cost | risk |
Manner; way; means; available course; contrivance.
Quality; condition; property; value; worth; a wont or habit; disposition; nature; kind; characteristic.
Amount of money, time, etc. that is required or used.
* {{quote-magazine, date=2013-06-08, volume=407, issue=8839, page=55, magazine=(The Economist)
, title= A negative consequence or loss that occurs or is required to occur.
To incur a charge; to require payment of a price.
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*:Thus the red damask curtains which now shut out the fog-laden, drizzling atmosphere of the Marylebone Road, had cost a mere song, and yet they might have been warranted to last another thirty years. A great bargain also had been the excellent Axminster carpet which covered the floor;.
To cause something to be lost; to cause the expenditure or relinquishment of.
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*(William Shakespeare) (c.1564–1616)
*:though it cost me ten nights' watchings
(label) To require to be borne or suffered; to cause.
*(John Milton) (1608-1674)
*:to do him wanton rites, which cost them woe
To calculate or estimate a price.
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(obsolete) A rib; a side.
* Ben Jonson
(heraldry) A cottise.
A possible, usually negative, outcome, e.g., a danger.
* Macaulay
* 2006 , BBC News'' website, ''Farmers warned over skin cancer read at [http://news.bbc.co.uk/1/hi/northern_ireland/4764525.stm] on 14 May 2006
* {{quote-magazine, date=2013-06-22, volume=407, issue=8841, page=76, magazine=(The Economist)
, title= The likelihood of a negative outcome.
* 2006', Trever Ramsey on ''BBC News'' website, ''Exercise 'cuts skin cancer '''risk' read at [http://news.bbc.co.uk/1/hi/health/4764535.stm] on 14 May 2006
* {{quote-magazine, date=2012-01, author=Stephen Ledoux, volume=100, issue=1, page=60
, magazine=
, title= The potential (conventionally negative) should it occur.
* 2002', Decisioneering Inc website, ''What is '''risk ? read at [http://www.decisioneering.com/risk-analysis.html] on 14 May 2006
To incur risk (to something).
* 2006 , BBC Sport website, Beckham wary over Rooney comeback read at [http://news.bbc.co.uk/sport1/hi/football/world_cup_2006/teams/england/4769433.stm] on 14 May 2006
To incur risk (of something).
* 2006 , Transportation Alternatives'' website, ''Rail delays as thieves cut power read at [http://news.bbc.co.uk/1/hi/england/merseyside/4972476.stm] on 14 May 2006
To incur risk (by something).
* 1999 , BBC News'' website, ''Volunteer of the Month: Andrew Hay McConnell read at [http://www.transalt.org/press/magazine/994Summer/12volunteer.html] on 14 May 2006
As nouns the difference between cost and risk
is that cost is manner; way; means; available course; contrivance while risk is a possible, usually negative, outcome, e.g., a danger.As verbs the difference between cost and risk
is that cost is to incur a charge; to require payment of a price while risk is to incur risk (to something).cost
English
Etymology 1
From (etyl) (m), from (etyl) . Cognate with (etyl) (m), (etyl) dialectal . Related to (l).Noun
(en noun)- at all costs (= "by all means")
Derived terms
* (l) * (l)Etymology 2
From (etyl) (m), (m), from , see below.Noun
(wikipedia cost) (en noun)Obama goes troll-hunting, passage=According to this saga of intellectual-property misanthropy, these creatures [patent trolls] roam the business world, buying up patents and then using them to demand extravagant payouts from companies they accuse of infringing them. Often, their victims pay up rather than face the costs of a legal battle.}}
Derived terms
{{der3, appraisal cost , at cost , carbon cost , cost and freight , cost avoidance , cost-benefit , cost benefit analysis , cost center , cost control , cost cutting , cost-effective , cost-efficient , cost function , costless , costly , cost objective , cost of business, cost of doing business, cost of sales , cost of living , cost of money , cost overrun , cost per avalable seat mile , cost price , cost-push , design to cost , flotation cost , landed cost , low-cost , marginal cost , opportunity cost , private cost , sunk cost , unexpired cost , unit cost , variable cost}}Etymology 3
From (etyl) (m), from (etyl) (m), .Verb
See Usage notes.Usage notes
The past tense and past participle is cost'' in the sense of "this computer cost''' me £600", but ''costed'' in the sense of 'calculated', "the project was ' costed at $1 million."Derived terms
* cost an arm and a leg * cost a pretty penny * cost the earth * how much does it costEtymology 4
Noun
(en noun)- betwixt the costs of a ship
Statistics
*risk
English
(wikipedia risk)Alternative forms
* (archaic)Noun
(en noun)- the imminent and constant risk of assassination, a risk which has shaken very strong nerves
- There was also a "degree of complacency" that the weather in the country was not good enough to present a health risk .
Snakes and ladders, passage=Risk is everywhere. From tabloid headlines insisting that coffee causes cancer (yesterday, of course, it cured it) to stern government warnings about alcohol and driving, the world is teeming with goblins. For each one there is a frighteningly precise measurement of just how likely it is to jump from the shadows and get you.}}
- Taking regular exercise, coupled with a healthy diet, reduced the risk of several types of cancer.
Behaviorism at 100, passage=Becoming more aware of the progress that scientists have made on behavioral fronts can reduce the risk that other natural scientists will resort to mystical agential accounts when they exceed the limits of their own disciplinary training.}}
- If there is a 25% chance of running over schedule, costing you a $100 out of your own pocket, that might be a risk' you are willing to take. But if you have a 5% chance of running overschedule, knowing that there is a $10,000 penalty, you might be less willing to take that ' risk .
Derived terms
* market risk * credit risk * currency risk * operational risk * political risk * financial risk * residual risk * health risk * inflation risk * risk management * risk assessment * risk analysisVerb
(en verb)- England captain David Beckham has warned Wayne Rooney not to risk his long-term future by rushing his return from injury.
- These people are putting themselves in danger by physically being on or near to the railway lines and risk ing serious injury.
- After coming to New York, I decided to risk cycling again.
