Profligacy
Nounअपव्ययिता, फिजूलखर्ची
Definition
Reckless extravagance or wastefulness in the use of resources.
Contextual Sentence: "The bank's profligacy in lending led to a significant rise in non-performing assets."
💡 Memory Hook (Mnemonic): Think of 'pro' (forward) + 'flig' (strike) = striking away resources recklessly.
Synonyms
wastefulness
extravagance
improvidence
Antonyms
frugality
economy
thrift