crisis; grave danger; serious depression
Refers to a critical situation, extreme peril, or a severe economic depression. The 'depression' sense is less common and may be encountered in historical or economic contexts.
The country is facing an economic crisis.
His life was in grave danger.
Compound of 危 (danger) and 極 (extreme, utmost). The exact historical derivation is uncertain, but the kanji suggest an extreme degree of danger.