prodigality

[prod-i-gal-i-tee]
noun, plural prodigalities for 2, 3.
1.
the quality or fact of being prodigal; wasteful extravagance in spending.
2.
an instance of it.
3.
lavish abundance.

Origin:
1300–50; Middle English prodigalite < Latin prōdigālitās wastefulness, equivalent to prōdig(us) extravagant + -āl(is) -al1 + -itās -ity

prodigality, profligacy.
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World English Dictionary
prodigal (ˈprɒdɪɡəl)
 
adj
1.  recklessly wasteful or extravagant, as in disposing of goods or money
2.  lavish in giving or yielding: prodigal of compliments
 
n
3.  a person who spends lavishly or squanders money
 
[C16: from Medieval Latin prōdigālis wasteful, from Latin prōdigus lavish, from prōdigere to squander, from pro-1 + agere to drive]
 
prodi'gality
 
n
 
'prodigally
 
adv

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Example sentences
Indeed his prodigality with the upper middle range seemed to cost him a bit at the extremes.
The empty-handed are rare, perhaps because the urge to make a dent in this vast pile of prodigality is close to overwhelming.
He preached austerity, yet practised prodigality, doling out favours and privileges with flair and precision.
He reads, be writes, he speaks with a prodigality of will and vim perfectly astounding.
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