prodigality Meaning, Definition & Usage

  1. noun the trait of spending extravagantly
    extravagance; profligacy.
  2. noun excessive spending
    high life; extravagance; highlife; lavishness.

WordNet

Prod`i*gal"i*ty noun
Etymology
F. prodigalité, L. prodigalitas. See Prodigal.
Definitions
  1. Extravagance in expenditure, particularly of money; excessive liberality; profusion; waste; -- opposed to frugality, economy, and parsimony."The prodigality of his wit." Dryden.

Webster 1913