Risk
Part of speech: verb
Definition: To incur risk [to something]. To incur risk [of something]. To incur risk [by something].
Part of speech: noun
Definition: A possible, usually negative, outcome, e.g., a danger. The likelihood of a negative outcome. The potential (conventionally negative) impact of an event, determined by combining the likelihood of the event occurring with the impact should it occur.
Example sentence: To win without risk is to triumph without glory.
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: Don't reward bad behavior. It is one of the first rules of parenting. During the financial cataclysm of 2008, we said it differently. When we bailed out banks that had created their own misfortune, we called it a 'moral hazard,' because the bailout absolved the bank's bad acts and created an incentive for it to make the same bad loans again.