knife-edge
noun
a situation in which success and failure are equally likely
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adjective
if someone has had a chequered past or a chequered career, they have experienced both successes and failures
whether you succeed or fail
if something is in the balance, you do not know whether it will succeed or fail
to be equally likely to succeed or fail in doing something
a variety of situations and experiences that are sometimes good and sometimes bad
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a percussion instrument used by football fans which makes a rattling sound when shaken
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Open Dictionary
… the decision to treat the rights and duties of a company as being the same as the rights and duties of its shareholders
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