What do the terms and catastrophic critical moderate and negligible describe in the risk assessment matrix?

In a risk assessment matrix, the terms catastrophic, critical, moderate, and negligible describe the severity of potential impacts from identified risks. "Catastrophic" indicates the highest level of impact, often resulting in significant harm or loss, while "critical" denotes serious but less severe consequences. "Moderate" suggests manageable risks that could cause some disruption, and "negligible" refers to impacts that are minor and unlikely to cause significant issues. These classifications help organizations prioritize risk management efforts based on the potential severity of outcomes.