The term "significant risk" refers to a level or degree of danger, hazard, or threat that is considered high enough to warrant attention and caution. It implies that there is a real possibility of an unfavorable outcome or negative consequences resulting from the action being taken or decision being made. The extent or severity of this risk may vary depending on various factors such as the context, circumstances, and potential consequences involved. In general, any situation where the potential for harm, loss, or damage is considered to be substantial or considerable can be described as having a significant risk.