Audacity
Pronunciation : Au*dac"i*ty
Part of Speech : n.
Definition : 1. Daring spirit, resolution, or confidence; venturesomeness. The freedom and audacity necessary in the commerce of men. Tatler.
2. Reckless daring; presumptuous impudence; -- implying a contempt of law or moral restraints. With the most arrogant audacity. Joye.
Source : Webster's Unabridged Dictionary, 1913