Correct Answer: Protection

Solution : The correct choice is the third option.

Explanation : Hazard refers to something that poses a threat or danger, while protection refers to measures taken to prevent or shield against that danger.

The meanings of the other options are as follows:

• Peril and jeopardy are synonymous with hazard as they all signify danger or risk.
• Danger is a near synonym as well, indicating a threat or possibility of harm.

Therefore, the correct answer is protection.