Unpredictable Events

Black Swan
In risk management, a 'black swan' is a high-impact event that should not be regarded as impossible just because it is highly improbable. These events can disrupt markets and systems and are categorized by their extreme rarity, severe impact, and predictability in hindsight.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.