The difference between Perilous and Risky
When used as adjectives, perilous means dangerous, full of peril, whereas risky means dangerous, involving risks.
check bellow for the other definitions of Perilous and Risky
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Perilous as an adjective:
Dangerous, full of peril.
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Risky as an adjective:
Dangerous, involving risks.
Examples:
"Investing in this start-up company could be risky."