Main Entry: ex·trav·a·gance

Pronunciation: \ik-ˈstra-vi-gən(t)s\

Function: noun

Date: 1640

1 a : an instance of excess or prodigality; specifically : an excessive outlay of money b : something extravagant <a new car is an extravagance we can't afford>
2 : the quality or fact of being extravagant <the extravagance of the decorations>