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If you jaywalk and get hit badly, you will be considered at fault. This is because you were breaking the law and acting in an unsafe manner.
a public road at an illegal point
No
It's unsafe and it causes traffic jams.
Yes, "jaywalk" is a compound word. It is formed by combining the noun "jay," which refers to a foolish person, with the verb "walk."
It means to cross a street at a point not considered to be legal.