Syllable division derived from spelling — this word is not in the pronouncing dictionary, so no phonetic transcription is shown rather than a guessed one.
extravagancy is a noun meaning "the quality of exceeding the appropriate limits of decorum or probability or truth". It carries one recorded sense.
the quality of exceeding the appropriate limits of decorum or probability or truth
“we were surprised by the extravagance of his description”
Forms marked · are formed by the regular rule rather than recorded in the source data. English keeps a few hundred irregulars and the rest follow the pattern, so the rule is right far more often than not — but it is a rule, and the mark says so.
Definitions, synonyms and semantic relations for extravagancy come from Princeton University’s WordNet. Commonness is measured against a corpus of everyday English. Full sources and licences.