What do the terms frequentlikely occasional and unlikely describe in the risk assessment matrix?

In a risk assessment matrix, the terms frequent, likely, occasional, and unlikely describe the probability of a specific risk occurring. "Frequent" indicates a high likelihood of occurrence, while "likely" suggests a significant chance. "Occasional" refers to a moderate probability, and "unlikely" denotes a low chance of the risk happening. These terms help organizations prioritize risks based on their potential frequency and impact.