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What is a double-edged sword?

What is a double-edged sword? Here are some definitions.

Noun
  1. Used other than with a figurative or idiomatic meaning: see double-edged,‎ sword.
  2. (idiomatic) A benefit that is also a liability, or (a benefit) that carries some significant but not-so-obvious cost or risk.
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Examples
The sheathed and double-edged sword, or dodhar, lying across it, once belonged to Shivaji.
However the boom will be a double-edged sword for first-time buyers and those with larger mortgages who are at the mercy of interest rates.
She notices the double-edged sword happening locally with the growing gentrification.
This facility with language aids the youth in their academic and career prospects, but it is a double-edged sword.
The blade was roughly three feet long and was slightly slimmer than a regular double-edged sword.
In her left hand she holds the scales of justice while in her right she brandishes her double-edged sword to punish the guilty.

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