Source : Webster's Revised Unabridged Dictionary (1913)

Despondency \De*spond"en*cy\, n.
   The state of desponding; loss of hope and cessation of
   effort; discouragement; depression or dejection of the mind.

         The unhappy prince seemed, during some days, to be sunk
         in despondency.                          --Macaulay.

Source : WordNet®

despondency
     n : feeling downcast and disheartened and hopeless [syn: {despondence},
          {heartsickness}, {disconsolateness}]