A potentially hazardous object (PHO) is a near-Earth object – either an asteroid or a comet – with an orbit that can make close approaches to the Earth and which is large enough to cause significant regional damage in the event of impact. They are conventionally defined as having a minimum orbit intersection distance with Earth of less than 0.05 astronomical units and an absolute magnitude of 22 or brighter, the latter of which roughly corresponds to a size larger than 140 meters. More than 99% of the known potentially hazardous objects are no impact threat over the next 100 years. As of September 2022, just 17 of the known potentially hazardous objects listed on the Sentry Risk Table could not be excluded as potential threats over the next hundred years. Over hundreds if not thousands of years though, the orbits of some "potentially hazardous" asteroids can evolve to live up to their namesake.

A near-Earth object (NEO) is any small Solar System body orbiting the Sun whose closest approach to the Sun (perihelion) is less than 1.3 times the Earth–Sun distance. This definition applies to the object's orbit around the Sun, rather than its current position, thus an object with such an orbit is considered an NEO even at times when it is far from making a close approach of Earth. If an NEO's orbit crosses the Earth's orbit, and the object is larger than 140 meters (460 ft) across, it is considered a potentially hazardous object (PHO). Most known PHOs and NEOs are asteroids, but about 0.35% are comets.