n. [ Cf. F. élasticité. ] 1. The quality of being elastic; the inherent property in bodies by which they recover their former figure or dimensions, after the removal of external pressure or altering force; springiness; resilience; tendency to rebound; as, the elasticity of caoutchouc; the elasticity of the air. [ 1913 Webster ]

2. Power of resistance to, or recovery from, depression or overwork; -- usually referred to as resilience[ 3 ]. [ 1913 Webster ]

Coefficient of elasticity, the quotient of a stress (of a given kind), by the strain (of a given kind) which it produces; -- called also coefficient of resistance. --
Surface of elasticity (Geom.), the pedal surface of an ellipsoid (see Pedal); a surface used in explaining the phenomena of double refraction and their relation to the elastic force of the luminous ether in crystalline media. [ 1913 Webster ]

adj. made with strands or inserts of elastic, allowing it to stretch; -- of fabrics; as, slacks with an elasticized waistband. [ WordNet 1.5 ]