Definitions from Wiktionary (austerity)

▸ noun:  Severity of manners or life; extreme rigor or strictness; harsh discipline.
▸ noun:  Freedom from adornment; plainness; severe simplicity.
▸ noun:  (economics) A policy of deficit-cutting, which by definition requires lower spending, higher taxes, or both.
▸ noun:  (obsolete) Sourness and harshness to the taste.
▸ Also see austerity




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