Do you know the difference between risk appetite and risk tolerance?

Well it is good example but only for those who are aware of Ramadan proceedings and its related rules.
Furthermore this definition could be beneficial for those who want to obtain initial knowledge only.
The best and easy definition is as follows: Risk Appetite: The level of risk that an organization is ready to accept, prior of any action is deemed necessary to reduce it.
Risk Appetite represents a balance between the potential benefits of enhancements and the threats that can alter the business objectives.
Risk Tolerance: Is the amount of risk that an Organization is ready to tolerate before any action is required

Risk Appetite in a simple term denotes the boundaries within which an organisation  desires to consider it can factor the risk involved in any business decision.

Risk tolerance is occurs when there is a issue in which  the enterprise has found the risk associated with it but the degree of risk is within the risk reward relationship.

risk appetite

is the amount and type of risk  that an organization is willing to pursue or retain

risk tolerance

is the organization's  readiness to bear the risk after risk treatment in order to achieve its objectives

Note risk tolerance can be influenced by legal or regulatory requirements

Ref. ISO

The term ‘risk appetite’ is often used for forward-looking view of risk acceptance while ‘risk tolerance’ is often taken as the amount of risk an organization has accepted in the past.

I'd say:

Risk appetite is the sense of adventure

Risk tolerance is the fact of adventuring safety, some choose to be careful & realistic, others choose to be reckless

risk tolerance is the maximum level of risks a company can accept without causing them to fail. risk appetite is a margin within the tolerance level were companies seek and are willing to accept and take risks. example would be person X can left a50 km weight if must however that will harm his back on the long run. on the other hand he can left10 easily and without thinking more it might help him building his tolerance. The50 kG is the presentation of tolerance level while the20 is for the appetite one.