magnificence (n.)

mid-14c., "great-mindedness, courage," from Old French magnificence "splendor, nobility, grandeur," from Latin magnificentia "splendor, munificence," from stem of magnificus "great, elevated, noble, eminent," also "splendid, rich, fine, costly," literally "doing great deeds," from magnus "great" (from PIE root *meg- "great") + combining form of facere "to make, to do" (from PIE root *dhe- "to set, put").

Meaning "greatness of appearance or character, grandeur, glory" in English is from late 14c. That of "beauty, splendor, wealth" is 15c. As one of the Aristotelian and scholastic virtues, it translates Greek megaloprepeia "liberality of expenditure combined with good taste."