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profligate (adj.)

1520s, "overthrown, routed" (now obsolete in this sense), from Latin profligatus "destroyed, ruined, corrupt, abandoned, dissolute," past participle of profligare "to cast down, defeat, ruin," from pro "down, forth" (see pro-) + fligere "to strike" (see afflict). Main modern meaning "recklessly extravagant" is 1779, via notion of "ruined by vice" (1640s, implied in a use of profligation). Related: Profligately. As a noun from 1709.

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Definitions of profligate from WordNet
1
profligate (n.)
a dissolute man in fashionable society;
Synonyms: rake / rakehell / rip / blood / roue
profligate (n.)
a recklessly extravagant consumer;
Synonyms: prodigal / squanderer
2
profligate (adj.)
recklessly wasteful;
profligate (adj.)
unrestrained by convention or morality;
Synonyms: debauched / degenerate / degraded / dissipated / dissolute / libertine / riotous / fast
From wordnet.princeton.edu