Definition of austerity noun from the Oxford Advanced Learner's Dictionary



    BrE BrE//ɒˈsterəti//
    , BrE//ɔːˈsterəti//
    ; NAmE NAmE//ɔːˈsterəti//
    (pl. austerities)
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  1. 1[uncountable] a situation when people do not have much money to spend because there are bad economic conditions War was followed by many years of austerity. austerity measures and economic reforms
  2. 2[uncountable] the quality of being austere the austerity of the monks’ life
  3. 3[countable, usually plural] something that is part of an austere way of life the austerities of wartime Europe
  4. Word Originlate Middle English: from French austérité, from Latin austeritas, from austerus, from Greek austēros ‘severe’.
See the Oxford Advanced American Dictionary entry: austerity