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What does profligacy mean?

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

Noun
  1. (countable) Careless wastefulness.
  2. (uncountable) Shameless and immoral behaviour.
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Examples
The shameless profligacy of the emperor's life was such as to shock even a jaded Roman public.
He hung his head and refused to appear after the match to discuss his profligacy.
Offering credit cards to students would have been considered an unthinkable act of profligacy on behalf of the banks a decade earlier.
The nation is again being told off for its profligacy, economic wowsers merrily predicting a scuttling.
For a country legendary for thrift and good husbandry, this is a disgraceful display of profligacy.
Locals are stunned by the profligacy as deadlines are passed and the budget overruns by millions of dollars.

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