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The phrase "risk attached" is correct and usable in written English.
You could use it when discussing an activity or situation that has certain associated risks or dangers. For example, "Starting a business has a certain amount of risk attached to it."
Exact(60)
There is a lot of risk attached.
There is more risk attached to that.
There is little risk attached to this signing.
"It's a reward for performance with risk attached".
CC: And preferably a role with a risk attached?
It's pay, I don't like the word pay, it is reward for performance with risk attached".
Relaxed is one thing, but insecure can be a risk attached to meeting in public.
But when a sport is private investor-led, there is a risk attached.
Long-term rates may be lower but will now come with credit risk attached.
But back in 1967, when movies cost much less, there was less risk attached to a venture like this.
"Our aim is to make it as safe as practical, but there is a risk attached to everything," Tulloch said.
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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