An opportunity for gain that may result in a loss is an example of a

Pure risk involves situations that can only result in loss or no change, with no potential for financial gain. Examples include natural disasters and accidents, where the outcomes are limited to negative consequences. Thus, pure risk does not fit the definition of having the potential for gain.

Retained risk refers to risks that an individual or organization chooses to accept rather than transfer to another party, often because the potential losses are manageable. While it may involve taking on some risks, it does not inherently include the possibility of gain, as it focuses on loss acceptance rather than opportunities for profit.

Transferred risk occurs when a party shifts the financial consequences of a risk to another party, typically through insurance or contracts. While this can mitigate potential losses, it does not involve the possibility of gain; rather, it is a strategy to avoid financial exposure.