austerity
IPA: ɔstˈɛrɪti
noun
- Severity of manners or life; extreme rigor or strictness; harsh discipline.
- Freedom from adornment; plainness; severe simplicity.
- (economics) A policy of deficit-cutting, which by definition requires lower spending, higher taxes, or both.
- (obsolete) Sourness and harshness to the taste.
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Examples of "austerity" in Sentences
- "I consider myself well-informed, but I have no idea what the term 'austerity economics' really means."
- Canada's finance minister doesn't believe the term austerity fits for his government's upcoming budget.
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