liability

noun
li·​a·​bil·​i·​ty | \ ˌlī-ə-ˈbi-lə-tē How to pronounce liability (audio) \
plural liabilities

Definition of liability

1a : the quality or state of being liable was cleared of liability for the accident
2 : something for which one is liable especially : pecuniary obligation : debt usually used in plural business assets and liabilities
3 : one that acts as a disadvantage : drawback This scandal makes the candidate a liability for the party.