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RIT.abbr.Rochester Institute for Technology. See NATIONAL TECHNICAL INSTITUTE FOR THE DEAF . [Blacks Law 8th]

risk-utility test.A method of imposing product liability on a manufacturer if the evidence shows that a reasonable person would conclude that the benefits of a product’s particular design versus the feasibility of an alternative safer design did not outweigh the dangers inherent in the original design. — Also termed danger-utility test; risk-benefit test. Cf. CONSUMER-CONTEMPLATION…

risk-stops-here rule.See DOCTRINE OF SUPERIOR EQUITIES. [Blacks Law 8th]

risk of nonpersuasion.See BURDEN OF PERSUASION. [Blacks Law 8th]

risk of loss.The danger or possibility that a party will have to bear the costs and expenses for the damage, destruction, or inability to locate goods or other property. [Blacks Law 8th]

risk of jury doubt.See BURDEN OF PERSUASION. [Blacks Law 8th]

Risk Management Agency.An agency in the U.S. Department of Agriculture responsible for administering the programs of the Federal Crop Insurance Corporation and for overseeing other programs relating to the risk management of crops and commodities. — Abbr. RMA. [Blacks Law 8th]

risk management.The procedures or systems used to minimize accidental losses, esp. to a business. [Blacks Law 8th]

risk factor.Insurance. In life-insurance ratemaking, the estimated cost of present and future claims, based on a mortality table. • The risk factor is one element that a life insurer uses to calculate premium rates. See PREMIUM RATE . Cf. INTEREST FACTOR; MORTALITY FACTOR. [Cases: Insurance 1542.C.J.S. Insurance § 67.] [Blacks Law 8th]

risk distribution.The method by which a legal system allocates the risk of harm between the person who suffers it and the loss. [Blacks Law 8th]