This is the 161st most frequent Italian word.
rischio
"Rischio" means "risk" in English.
The word 'rischio' here is used as a noun, representing the concept of potential exposure to danger.
Il rischio è parte della natura dell'avventura.
Risk is a part of the nature of adventure.
The word 'rischio' is used as a verb meaning to undertake something that involves a potential negative outcome.
Rischio di perdere il treno se non mi sbrigo.
I risk missing the train if I don't hurry.
'Rischio' again functions as a noun, but in this sentence, it's associated with the evaluation of a project's potential difficulties.