What does mitigate mean in business?
What does mitigate mean in business?
Definition: Mitigation means reducing risk of loss from the occurrence of any undesirable event. This is an important element for any insurance business so as to avoid unnecessary losses. Description: In general, mitigation means to minimize degree of any loss or harm.
What does court mitigation mean?
Mitigation is a process used during negotiation or at sentencing that allows the defendant to effectively present facts about themselves which would lead the court to impose a lower sentence than was first considered.
What are the 4 Ts of risk management?
tolerate, terminate, treat and transfer
There are always several options for managing risk. A good way to summarise the different responses is with the 4Ts of risk management: tolerate, terminate, treat and transfer.
Where is mitigation used?
Mitigate Sentence Examples
- Good information on a product can mitigate this problem.
- Morphine may be given hypodermically to mitigate the pain.
- They protect the valleys from destructive avalanches, and, retaining the superficial soil by their roots, they mitigate the destructive effects of heavy rains.
How do you mitigate?
Let’s talk about four different strategies to mitigate risk: avoid, accept, reduce/control, or transfer.
- Avoidance. If a risk presents an unwanted negative consequence, you may be able to completely avoid those consequences.
- Acceptance.
- Reduction or control.
- Transference.
- Summary of Risk Mitigation Strategies.
What is a good sentence for mitigate?
Mitigate Sentence Examples Morphine may be given hypodermically to mitigate the pain. They protect the valleys from destructive avalanches, and, retaining the superficial soil by their roots, they mitigate the destructive effects of heavy rains. Feeding an animal organic food helps to mitigate most of the risks above.