WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
adjective.
lacking systematic arrangement or method or organization
Word Usage
"Sharpe's proof depends upon the assumption that all investors effectively free themselves of "unsystematic" risk by diversification and receive a risk premium only for the remaining "systematic risk" (he argued that rational investors in a perfect market would arbitrage away any premium gained in return for avoidable risks)."