Meaning

• The chance of suffering harm; danger, peril, risk of loss.

  "He encountered the enemy at the hazard of his reputation and life."

• An obstacle or other feature which causes risk or danger; originally in sports, and now applied more generally.

  "The video game involves guiding a character on a skateboard past all kinds of hazards."

• (in driving a vehicle) An obstacle or other feature that presents a risk or danger that justifies the driver in taking action to avoid it.

• A sand or water obstacle on a golf course.

• The act of potting a ball, whether the object ball (winning hazard) or the player's ball (losing hazard).

• A game of chance played with dice, usually for monetary stakes; popular mainly from 14th c. to 19th c.

• Chance.

• Anything that is hazarded or risked, such as a stake in gambling.

• The side of the court into which the ball is served.

• A problem with the instruction pipeline in CPU microarchitectures when the next instruction cannot execute in the following clock cycle, potentially leading to incorrect results.

Meaning

• To expose to chance; to take a risk.

• To risk (something); to venture, to incur, or bring on.

  "I'll hazard a guess."