(1):

(n.) One who expends money extravagantly, viciously, or without necessity; one that is profuse or lavish in any expenditure; a waster; a spendthrift.

(2):

(a.) Given to extravagant expenditure; expending money or other things without necessity; recklessly or viciously profuse; lavish; wasteful; not frugal or economical; as, a prodigal man; the prodigal son; prodigal giving; prodigal expenses.