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Noun: extravagance  ik'stra-vu-gun(t)s or ek'stra-vu-gun(t)s
  1. Spending money or using resources excessively or wastefully
    "The extravagance of their lifestyle eventually led to bankruptcy";
    - prodigality, profligacy
     
  2. The quality of exceeding the appropriate limits of decorum, probability or truth
    "we were surprised by the extravagance of his description";
    - extravagancy [rare]
     
  3. A luxurious and extravagant lifestyle, often involving excessive spending
    "After winning the lottery, he embraced the extravagance of fancy cars and expensive restaurants";
    - prodigality, lavishness, highlife, high life
     
  4. Something that is desired or appreciated but costs more than one would usually spend
    "The spa day was an extravagance she allowed herself once a year";
    - indulgence, treat

Derived forms: extravagances

Type of: dissipation, excess, excessiveness, improvidence, inordinateness, shortsightedness, waste, wastefulness

Encyclopedia: Extravagance