Which term refers to the calculated risk of financial loss or exposure?

The term that refers to the calculated risk of financial loss or exposure is financial risk. This type of risk pertains specifically to the potential for losing money on an investment or within a business due to various factors, such as market fluctuations, credit defaults, or poor financial management.

Financial risk encompasses the various ways a company or investor can be affected by economic events that can lead to a decrease in financial performance. It is closely related to the management of a company's capital structure, cash flow, and investment strategies, making it crucial for making informed decisions about financial activities.

In contrast, market risk generally relates to the risk of losses due to changes in market prices, such as fluctuations in stock prices or interest rates. Operational risk refers to risks arising from the internal processes of a business, such as technical failures or human errors. Investment risk is a broader term that includes various risks associated with the likelihood of losses related to investments, but it may not specifically focus on financial exposure as explicitly as financial risk does.