Sentence:  The President of Taiwan, Chen Shui-bian, seems to relish <WSD>living on the edge</WSD>. . . . Having narrowly won a second four-year term last year after surviving an apparent assassination attempt, Chen, 54, will remain in office until 2008. 
Meaning of the word marked with <WSD> tags:  To have an adventurous or perilous lifestyle; to behave in a manner which creates risks for oneself.