Precipitancy refers to an action or thought marked by impulsiveness or rash haste.
When Francis Bacon 1561-1626 seeks to explain the story of Memnon or a youth too forward he speaks of it being explained by "the fatal precipitancy of youth".
The saying "Precipitancy creates prodigality" can be neatly paraphrased as "haste makes waste".
I came across the word in a sermon on James 2:13 by Benjamin Beddome.
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