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Actually, it's spelled "cupidity". In short, it means "greed for money or possessions," and is a synonym of "avarice". The Lation base means "desirous, keen; strong desire" which ties in with the Latinized god of Eros, i.e. Cupid, who was the deity of desire to the Romans as opposed to love in general to which the duty belonged to Aphrodite/Venus.
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