extravagance

[ik-strav-uh-guhns]
noun
1.
excessive or unnecessary expenditure or outlay of money.
2.
an instance of this: That sports car is an inexcusable extravagance.
3.
unrestrained or fantastic excess, as of actions or opinions.
4.
an extravagant action, notion, etc.: the extravagances one commits in moments of stress.

Origin:
1635–45; < French, Middle French; see extravagant, -ance


3. lavishness, profusion.


1. frugality.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
extravagance (ɪkˈstrævəɡəns)
 
n
1.  excessive outlay of money; wasteful spending
2.  immoderate or absurd speech or behaviour

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Etymonline
Word Origin & History

extravagance
1640s, from Fr. extravagance, from L.L. extravagantem (see extravagant). Specifically of wasteful spending from 1727.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
The country's military endeavours are marked by memorials of panoramic
  extravagance.
Biologists have marveled at the spiraling extravagance of some waterfowl
  penises.
Extravagance is measured not by how much is spent, but how much is given away.
Her austerity goes down well with jaded voters tired of cronyism and
  extravagance.
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