Also called the diversifiable risk or residual risk. The risk that is unique to a company such as a strike, the outcome of unfavorable litigation, or a natural catastrophe that can be eliminated through diversification. Related: Systematic risk.
Nearby TermsUnsexagintillion Unsterilized intervention Unsystematic risk Untrigintillion Unvigintillion
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University