/ Dictionary / Index C calculated risk: Meaning and Definition of Find definitions for: cal'culated risk' Pronunciation: [key] a chance of failure, the probability of which is estimated before some action is undertaken. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. calculated calculating Related Content Daily Word Quiz: diligent Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language