The Collaborative International Dictionary of English v.0.48:

Embarrassment \Em*bar"rass*ment\, n. [F. embarrassement.]
   1. A state of being embarrassed; perplexity; impediment to
      freedom of action; entanglement; hindrance; confusion or
      discomposure of mind, as from not knowing what to do or to
      say; disconcertedness.
      [1913 Webster]

            The embarrassment which inexperienced minds have
            often to express themselves upon paper. --W. Irving.
      [1913 Webster]

            The embarrassments tom commerce growing out of the
            late regulations.                     --Bancroft.
      [1913 Webster]

   2. Difficulty or perplexity arising from the want of money to
      pay debts.
      [1913 Webster]

WordNet (r) 3.0 (2006):

embarrassment
    n 1: the shame you feel when your inadequacy or guilt is made
         public
    2: the state of being embarrassed (usually by some financial
       inadequacy); "he is currently suffering financial
       embarrassments"
    3: some event that causes someone to be embarrassed; "the
       outcome of the vote was an embarrassment for the liberals"
       [ant: disembarrassment]
    4: extreme excess; "an embarrassment of riches" [syn:
       overplus, plethora, superfluity, embarrassment]