Final answer:
Peril means danger, particularly associated with uncontrollable economic risks like natural disasters, wars, or unemployment.
Step-by-step explanation:
The term peril means danger. It refers to the occurrence of economic risks or threats over which an individual has very little control. Examples of such perils could include a country experiencing a natural disaster, going to war, or dealing with massive unemployment. These situations can be out of one's control, and individuals in these circumstances would want assurance that their needs will be met to provide for themselves and their families.