Risky business is an expression used to describe activities that involve a great deal of risk and potential for loss. The term can be broken down into six crossword solutions: SPEC (4 letters), CRAPSHOOT (9 letters), PERIL (5 letters), PERILS (6 letters), PERILOUS (8 letters), HEDGEFUND (9 letters), HOTELCASINO (11 letters). SPEC stands for Special Purpose Entity, which is a legal entity created to fulfill a specific purpose. A CRAPSHOOT is a risky venture with an uncertain outcome. PERIL and PERILS refer to a dangerous situation or hazard that could lead to harm or loss. PERILOUS means full of danger or risk. HEDGEFUND is an investment fund that uses complex strategies to make high-risk investments. Finally, HOTELCASINO is a combination of a hotel and casino, which are both businesses that involve a great deal of risk.