yes, like in flipping a coin:
flip side
Function:
noun
Etymology:
1flip (to turn over)
1 : reverse side ;
specifically : the reverse and usually less popular side of a phonograph record
2 : OPPOSITE <survival is the
flip side of profit, or getting rich -- Robert Lacville> ;
especially : the reverse or opposite aspect or result <the
flip side of deficient saving ... is overconsumption -- R.S.Gay>
Merriam-Webster Dictionary, unabridged