Risk appetite

The broad-based amount of risk a company or other entity is willing to accept in pursuit of its mission (or vision).

Source : COSO Integrated Risk Management Framework

Amount and type of risk that an organization is prepared to seek, accept or tolerate.

Source : BS31100:2008 [ISO Guide 73, modified]

Risk appetite is about clarifying the amount and type of risk that an organisation is willing to accept to achieve their objectives.

Source : www.riskbasedperformance.com