lax·i·ty

[lak-si-tee]
noun
the state or quality of being lax; looseness.

Origin:
1520–30; < Latin laxitās wideness, openness. See lax, -ity

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World English Dictionary
lax (læks) [Click for IPA pronunciation guide]
 
adj
1.  lacking firmness; not strict
2.  lacking precision or definition
3.  not taut
4.  phonetics (of a speech sound) pronounced with little muscular effort and consequently having relatively imprecise accuracy of articulation and little temporal duration. In English the vowel i in bit is lax
5.  (of flower clusters) having loosely arranged parts
 
[C14 (originally used with reference to the bowels): from Latin laxus loose]
 
'laxly
 
adv
 
'laxity
 
n
 
'laxness
 
n

Collins English Dictionary - Complete & Unabridged 10th Edition
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00:10
Laxity is always a great word to know.
So is slumgullion. Does it mean:
a stew of meat, vegetables, potatoes, etc.
a screen or mat covered with a dark material for shielding a camera lens from excess light or glare.
Example sentences
But in the long run today's fiscal laxity is unsustainable.
Government auditors and the media found fraud in the distribution of benefits
  and laxity in the monitoring of conditions.
But it also has milder forms of the fiscal laxity, labour rigidities and trade
  deficits that plague the periphery.
It would not be the first time that their pursuit of loan origination fees has
  led to laxity in their credit judgments.
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