The noun has 4 meanings:
Meaning #1:
the state of having little or no money and few or no material possessions
Synonyms: poverty, impoverishment
Meaning #2:
less than adequate
Meaning #3:
the quality of being meager
Synonyms: meagerness, meagreness, scantiness, scantness, exiguity
Meaning #4:
the quality of being poorly made or maintained
