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The definition may change depending on the underlying situation. In case of finance, the risk is referred to the probability that the return on investment will be low than what is expected. This may even include the chance of losing some of the actual investment.
It is related to the profit or loss of the money during the particular period of time. The return may include income and the capital that is gain related to investment. In other words, return is actually gained by investment and it is quoted as percentage.
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Risks and investments are the two sides on a coin and when you make investment there is always the chance of incurring certain amount of risks. The main idea between risk and return in finance is also known as the risk reward concept. While getting into the risk and return assignment solution, you will understand that the higher risk, will give you high return.
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