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1) Suggesting physical hardship: imposing or suggesting physical hardship.

2) Unsmiling: grimly unsmiling, humorless, or suggesting strict self-denial.

3) Plain and without luxury: plain and simple, without luxury or self-indulgence.

4) Plain in style or design: severely plain in design or lines, without distractions or decoration.
The monks lived an austere life in the monastary.
Austere by Jafje June 29, 2007
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austerian, n.; pl. austerians. Pejorative. A person who advocates austerity, that is, cutting government expenditures, particularly social expenditures, in an effort to cut governmental deficits. (A comic formation based on the word "austerity" blended with the word "Austrian," since austerity policies are associated with the "Austrian School of Economics")

austerian, adj.: of or pertaining to policies advocated by austerians or to austerians themselves.
From AmericaBlog, by Gaius Publius, Feb. 2, 2013:

Noun: "Paul Krugman’s recent column looks at the romance between the “austerians” — the promoters of austerity for economically troubled nations — and the need to inflict pain to get economic gain."

Adjective: "Then he Krugman pivots to austerian attempts to find an example of occasions when austerity policies have been successful
austerian by metrodorus February 11, 2013

austerity program 

(ECONOMICS) when a government has to restructure spending by massively cutting social programs, development programs, and subsidies on basic necessities. Often accompanied by taxes increases, especially on lower incomes (since the poor cannot escape tax hikes).
Usually we use the term "austerity program" when the government in question has to backtrack on its ideological commitments. An example of this is France, after June 1982. The Socialist government of Mitterrand had just implemented a raft of major new social welfare programs, and was promptly forced to cut everything back when the deficit ballooned.

astereotypical nerd 

Someone who fits the nerd description in that the person in question is socially inept and has obscure interests, however he/she does not have the typical nerd appearance. Instead, he/she is fairly attractive and doesn't scream nerd right away.
-You see that girl over there?
-Yeah, she's hot!
-She's also the owner of the most popular Star Wars RPG online.
-Wow... talk about your astereotypical nerd!
The sweetest guy you could ever meet.most adorable thing ever to be born.the love of my life and so much more.he's a keeper and all mine.
My Austers loves me!
Austers by Cassy Manning November 29, 2011

austerity chic 

The trend of shunning ostentatious displays of wealth in favour of frugal spending which you will brag about to all your friends whether you are affected by the recession or not
She won't buy organic food anymore - she says it's such as luxury - she nows shop at wal-mart for everything which is so austerity chic.

Austerbate 

To thrust one's pelvis forward vigorously while in mid-conversation, but be unaware of it. (Air-hump)
-Hey, that guy's Austerbating!
Austerbate by Austin Hyslop December 3, 2003