The term PERILS is defined by two crossword solutions, MENACES and DANGERS. Perils are potential risks or dangers that can cause harm or loss. They can be physical, financial, or emotional in nature and can come from a variety of sources. Perils can be natural, such as floods or earthquakes, or man-made, such as war or terrorism. It is important to be aware of the perils that exist in order to protect oneself and one's property.