profligacy Meaning, Definition & Usage

  1. noun the trait of spending extravagantly
    extravagance; prodigality.
  2. noun dissolute indulgence in sensual pleasure
    dissipation; dissolution; licentiousness; looseness.

WordNet

Prof"li*ga*cy noun
Etymology
See Profligate, a.
Definitions
  1. The quality of state of being profligate; a profligate or very vicious course of life; a state of being abandoned in moral principle and in vice; dissoluteness.

Webster 1913