Webster's English Dictionary

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squander

1. squan.der \'skwa:n-d*r\ \-d(*-)rin\ \-d*r-*r, -dr*r\ vb or squan.der.ing 
   [origin unknown] 1: SCATTER  2: to spend extravagantly or foolishly : 
   DISSIPATE  1: to spend wastefully  2: SCATTER  - squan.der.er n
2. squander n : an act of squandering