Plain English Meaning
The pilot has weighed what is gained against what could go wrong, and decided the gain is worth the remaining risk.
Full Definition
A risk management judgment in which the pilot determines that the operational, safety, training, or mission value gained from a proposed action exceeds the level of risk that action carries, after that risk has been identified, assessed, and mitigated as far as practical. It is the threshold test used to decide whether to accept a residual risk and proceed.
Context Anchor
Used in aeronautical decision-making when a pilot compares the reason for a flight or action against the risks involved.