Source : Webster's Revised Unabridged Dictionary (1913)

Hazard \Haz"ard\, n. (Golf)
   Any place into which the ball may not be safely played, such
   as bunkers, furze, water, sand, or other kind of bad ground.

Hazard \Haz"ard\, v. i.
   To try the chance; to encounter risk or danger. --Shak.

Hazard \Haz"ard\, n. [F. hazard, Sp. azar an unforeseen disaster
   or accident, an unfortunate card or throw at dice, prob. fr.
   Ar. zahr, z[=a]r, a die, which, with the article al the,
   would give azzahr, azz[=a]r.]
   1. A game of chance played with dice. --Chaucer.

   2. The uncertain result of throwing a die; hence, a
      fortuitous event; chance; accident; casualty.

            I will stand the hazard of the die.   --Shak.

   3. Risk; danger; peril; as, he encountered the enemy at the
      hazard of his reputation and life.

            Men are led on from one stage of life to another in
            a condition of the utmost hazard.     --Rogers

   4. (Billiards?) Holing a ball, whether the object ball
      (winning hazard) or the player's ball (losing hazard).

   5. Anything that is hazarded or risked, as the stakes in
      gaming. ``Your latter hazard.'' --Shak.

   {Hazard table}, a a table on which hazard is played, or any
      game of chance for stakes.

   {To ru? the hazard}, to take the chance or risk.

   Syn: Danger; risk; chance. See {Danger}.

Hazard \Haz"ard\, v. t. [imp. & p. p. {Hazarded}; p. pr. & vb. ?
   {Hazarding}.] [Cf. F. hazarder. See Hazard, n.]
   1. To expose to the operation of chance; to put in danger of
      loss or injury; to venture; to risk.

            Men hazard nothing by a course of evangelical
            obedience.                            --John Clarke.

            He hazards his neck to the halter.    --Fuller.

   2. To venture to incur, or bring on.

            I hazarded the loss of whom I loved.  --Shak.

            They hazard to cut their feet.        --Landor.

   Syn: To venture; risk; jeopard; peril; endanger.

Source : WordNet®

hazard
     n 1: a source of danger; a possibility of incurring loss or
          misfortune; "drinking alcohol is a health hazard" [syn:
          {jeopardy}, {peril}, {risk}]
     2: an unknown and unpredictable phenomenon that causes an event
        to result one way rather than another; "bad luck caused
        his downfall"; "we ran into each other by pure chance"
        [syn: {luck}, {fortune}, {chance}]
     3: an obstacle on a golf course

hazard
     v 1: put forward, of a guess, in spite of possible refutation; "I
          am guessing that the price of real estate will rise
          again"; "I cannot pretend to say that you are wrong"
          [syn: {guess}, {venture}, {pretend}]
     2: put at risk; "I will stake my good reputation for this"
        [syn: {venture}, {adventure}, {stake}, {jeopardize}]
     3: take a risk in the hope of a favorable outcome; "When you
        buy these stocks you are gambling" [syn: {gamble}, {chance},
         {risk}, {take chances}, {adventure}, {run a risk}, {take
        a chance}]