This word is acceptable for play in the US & UK dictionaries that are being used in the following games:

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n. The quality of being austere.

n. Severe and rigid economy: wartime austerity.

n. An austere habit or practice.

n. Severity of manners or life; extreme rigor or strictness; harsh discipline.

n. Freedom from adornment; plainness; severe simplicity.

n. A policy of deficit-cutting, lower spending, and a reduction in the amount of benefits and public services provided.

n. Sourness and harshness to the taste.

n. Sourness and harshness to the taste.

n. Severity of manners or life; extreme rigor or strictness; harsh discipline.

n. Plainness; freedom from adornment; severe simplicity.

n. Harshness or astringency of taste.

n. Severity of manner, life, etc.; rigor; strictness; harshness of treatment or demeanor.

n. Severe or rigorous simplicity; absence of adornment or luxury.

n. Severe or ascetic practices: chiefly in the plural: as, the austerities of the Flagellants.

n. Synonyms Self-sacrifice, Asceticism, etc. (see self-denial); sternness, harshness. See comparison under austere.

n. the trait of great self-denial (especially refraining from worldly pleasures)

"Canada's finance minister doesn't believe the term austerity fits for his government's upcoming budget."

self-denial    self-discipline   

austere   

austerely    austere   

monasticism   

plainness    strictness    severity    rigidity    rigor    rigorism   

Charity    Verity    asperity    charity    clarity    dexterity    insularity    rarity    severity    unpopularity   

asceticism    sobriety    sternness    severity    seriousness    piety    gentleness    seclusion    self-restraint    reticence