PRODIGAL'ITY, noun

1. Extravagance in the expenditure of what one possesses, particularly of money; profusion; waste; excessive liberality. It is opposed to frugality, economy, and parsimony.

By the Roman law a man of notorious prodigality was treated as non compos.

The most severe censor cannot but be pleased with the prodigality of his wit.

2. Profuse liberality.