hazard

A risk or peril, assumed or involved, whether in connection with contract relation, employment, personal relation, sport or gambling. A danger or risk lurking in a situation which by change or fortuity develops into an active agency of harm. Hough v. Contributory Retirement Appeal Board, 309 Mass. 534, 36 N.E.2d 415, 417, 418.

Exposure to the chance of loss or injury. Caminetti v. Guaranty Union Life Ins. Co., 52 Cal.App.2d 330, 126 P.2d 159, 163.

A game of chance or wagering.

In insurance law, the risk, danger, or probability that the event insured against may happen, varying with the circumstances of the particular case.

In old English law, an unlawful game at dice, those who play at it being called "hazardors."

See also dangerous

- extraordinary hazard

- risk.

@ moral hazard

In fire insurance, the risk or danger of the destruction of the insured property by fire, as measured by the character and interest of the insured owner, his habits as a prudent and careful man or the reverse, his known integrity or his bad reputation, and the amount of loss he would suffer by the destruction of the property or the gain he would make by suffering it to burn and collecting the insurance

@ hazardor

/haezardar/ In old English law, one who played at a hazard, i.e., an unlawful game of dice

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