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What does extravagancy mean?

Looking for the meaning or definition of the word extravagancy? Here's what it means.

Noun
  1. (archaic, 17-19th centuries) The characteristic of being extravagant.
  2. (archaic, 17-19th centuries) A thing that is extravagant.
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Examples
What extravagancy is not man capable of entertaining, when once his shackled reason is led in triumph by fancy and prejudice!
So soon as people have a little money they run into extravagancy, get in debt, and down it goes.
Excess of it is extravagancy and inadequacy of it is meanness.
This extravagancy, I can assure you, was believed by many above peuple.
It was only occasionally that she would experience their extravagancy and that was only when she was in the rare presence of her globetrotting father.
Amid public criticism for its extravagancy, reports in the media have also linked the presidential office with corruption.

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