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The phrase "a tangible risk that" is correct and usable in written English.
It can be used when discussing a specific, measurable risk associated with a situation or decision.
Example: "There is a tangible risk that the project may exceed its budget if we do not monitor expenses closely."
Alternatives: "a concrete risk that" or "a real risk that".
Exact(1)
Philip Shaw, an economist at the bank Investec, says: "While we are minded to disregard some of Mr Trump's wilder pre-election rhetoric, we consider that there is a tangible risk that a Trump presidency could fuel anti-globalisation momentum and spark a wave of protectionist policies around the globe.
Similar(59)
In addition to breaking privacy laws that give people the right to have their medical information protected, the breach also put people's safety at risk, as HIV stigma is still strong in the U.S. Ronda B. Goldfein of the AIDS Law Project of Pennsylvania said in a statement that exposure "creates a tangible risk of violence, discrimination and other trauma" for people living with HIV.
But some implied a much longer and more difficult race, and some put him at a tangible risk of defeat.
Lifelong cure rates are high but there remains a tangible risk of relapse.
It is difficult to foresee what the politics of the next 50 years will look like, but the tangible risk is that instead of a more peaceful and harmonious world we will see increased division and cynicism.
It would take a loss of 8% on its $885 billion in assets to wipe out its tangible equity, a mathematical risk that underscores the dangerous existence of an investment bank.
There is, therefore, a risk that we will raise unrealistic expectations of what this research can achieve in the short term with a lack of tangible benefits to the Traveller communities themselves, particularly those members who are transient.
It is a tangible phenomenon that increases the chance of falsely declaring a gene set significant.
The second reason intangible assets are different from tangible ones is that the risk that a company will be unable to meet commitments on intangible assets cannot be easily hedged.
Let's call that "tangible" risk.
That is because building useful things creates a tangible new asset that belongs to the government.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com