Hazard
Part of speech: noun
Definition: A type of game played with dice. Chance. The chance of suffering harm; danger, peril, risk of loss. An obstacle or other feature which causes risk or danger; originally in sports, and now applied more generally.
Part of speech: verb
Definition: To expose to chance; to take a risk. To incur or venture.
Example sentence: Vertical intergration is an organizational response to the contracting difficulties that attend intermediate product markets where trades that are supported by transaction-specific assets are exposed to hazard.
Jeopardy
Part of speech: noun
Definition: Danger of loss, harm, or failure.
Example sentence: Our Founding Fathers knew that without Second Amendment freedom, all of our freedoms could be in jeopardy.