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From: Webster's Revised Unabridged Dictionary (1913)

 Lib·er·al·i·ty n.; pl. Liberalities
 1. The quality or state of being liberal; liberal disposition or practice; freedom from narrowness or prejudice; generosity; candor; charity.
 That liberality is but cast away
 Which makes us borrow what we can not pay.   --Denham.
 2. A gift; a gratuity; -- sometimes in the plural; as, a prudent man is not impoverished by his liberalities.