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What does exorbitant mean?

Looking for the meaning or definition of the word exorbitant? Here's what it means.

Adjective
  1. exceeding proper limits; extravagant; excessive or unduly high.
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Publicans admit they are ripping off customers with exorbitant prices for soft drinks.
The casino rejected this amount as exorbitant and allowed her suit to continue.
Biogas has a tremendous future, due to the exorbitant increase of gasoline prices.
The government has accused white farmers of delaying land reform by demanding exorbitant prices for their property.
The pair were referencing the exorbitant golden parachutes given just since last year to previous officials of the struggling airline.
He feared it would lead to a situation where private people allotted spaces at exorbitant prices to vehicle owners.

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