Some risk methodologies (especially in security) measure risk in three dimensions
- asset
- threat
- vulnerability
For example, in protecting a VIP during a visit, you would have an "asset" (the VIP), different vulnerabilities at different times (in transit, in meetings, at hotels, in public, etc..) and possibly a threat level.

Debts owed by a country. When a country defaults, you get Sovereign Debt Default.

The defaulting on debts by a country. Often when a country is at risk of defaulting, it reschedules the debt, paying it back slower, and later. Depending on the country and circumstances (i.e. inflation and currency exchange rates) the repaid amount may be less in the future than was owed at the time of rescheduling.

See Currency Risk.

Person or organization that can affect, be affected by, or perceive themselves to be affected by a decision or activity.

The risks that extend beyond a single enterprise to the entire industry or sub-industry.

One recent example of systemic concerns related to the US financial crisis of 2008. While in principle the failure of any single institution should not have cascading and expanding impacts, in fact the causes of the failure and the interconnections of the enterprise are important. When any institution fails, its suppliers and partners are affected. If they become compromised and then their suppliers and partners become affected, the cascading effect is said to be a systemic failure.

Risks in systemically important institutions are generally more serious risks.