Final answer:
The word 'debauchery' means excessive indulgence in sensual pleasures and morally degenerate activities, most closely related to the term 'dissipation' among the given options.
Step-by-step explanation:
The word 'debauchery' refers to excessive indulgence in sensual pleasures, particularly involving activities such as drinking, gambling, and promiscuous sex that are morally considered to be corrupting .
Among the options provided, dissipation is the term that most closely aligns with the meaning of debauchery. Dissipation means engaging in wasteful expenditure or consumption, further implying a moral .
This concept is often related to historical accounts of excessive drinking as well as gambling habits that led to the loss of fortunes and even royal debts as mentioned in the context of George IV.