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Noun: profligacy  pró-fli-gu-see
  1. Spending money or using resources excessively or wastefully
    "The profligacy of the ancient Roman emperors is well-documented";
    - extravagance, prodigality
     
  2. Dissolute indulgence in sensual pleasure
    "The profligacy of the ruling class was legendary";
    - dissipation, dissolution, licentiousness, looseness

Derived forms: profligacies

Type of: improvidence, intemperance, intemperateness, self-indulgence, shortsightedness

Encyclopedia: Profligacy