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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
Excess of it is extravagancy and inadequacy of it is meanness.
With today's most popular options, the Salem is constructed to meet even the most discriminate buyer's requirements without succumbing to price extravagancy.
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.
This is an outstanding recording showing the extravagancy of 17th century music, always between moving expressiveness and noble demonstration, with permanent surprises.
This extravagancy, I can assure you, was believed by many above peuple.

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