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Multiple Meanings
liabilities — as in:  she is a liability to our cause

Her temper is her main liability. She hasn’t learned to control angry attacks at anyone who disagrees with her.
any negative trait or thing that creates a problem
liabilities — as in:  the company’s liabilities

The company’s liabilities exceed its assets. I do not think it can borrow more money.
the cash value that an accountant would place on things that are owed; or the things owed
liability — as in:  legal liability

They have legal liability for accidents caused by the defective tires.
a legal obligation or responsibility
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