involving the possibility of loss, harm, or danger
Climbing without a rope is extremely risky.
Investing all your savings in one company can be risky.
✦ From noun "risk" + adjective suffix “-y,” first recorded in the late 19th century.
likely to be considered improper or offensive; slightly indecent
The comedian told a risky joke that made some people uncomfortable.
She wore a risky dress that pushed the office dress code.
✦ Extends the primary sense of “risky” (involving danger) to social or moral boundaries, first noted in print during the mid-20th century.