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Answer for the clue "Squander ", 8 letters:
misspend

Word definitions for misspend in dictionaries

Wiktionary Word definitions in Wiktionary
vb. To spend poorly, incorrectly or unwisely.

Douglas Harper's Etymology Dictionary Word definitions in Douglas Harper's Etymology Dictionary
also mis-spend , "to spend amiss or wastefully," late 14c.; see mis- (1) + spend . Related: Misspent , frequently coupled with youth ; misspending .

WordNet Word definitions in WordNet
v. spend time badly or unwisely; "He misspent his youth" spend (money or other resources) unwisely [also: misspent ]

Longman Dictionary of Contemporary English Word definitions in Longman Dictionary of Contemporary English
verb COLLOCATIONS FROM OTHER ENTRIES a misspent youth (= spent doing things that were bad or not useful ) ▪ He is trying to make up for his misspent youth. EXAMPLES FROM OTHER ENTRIES ▪ Their business manager misspent millions of the couple's money.

The Collaborative International Dictionary Word definitions in The Collaborative International Dictionary
Misspend \Mis*spend"\, v. t. [imp. & p. p. Misspent ; p. pr. & vb. n. Misspending .] To spend amiss or for wrong purposes; to squander; to waste; as, to misspend time or money. --J. Philips.

Usage examples of misspend.

Eden Under Glass, and while those crazy and delightful little bubble cities are definitely not for me, there was something there that turned it into one of those funny, colorful things that sometimes come to me, bubblelike, whenever I am awaiting the outcome of peril or reflecting upon the few lessons that can be learned in the course of a misspent life.

So, alternately beating and beaten, they made their dolorous way through the beautiful woods and under the amber arches of the fading beech-trees, where the calm strength and majesty of Nature might serve to rebuke the foolish energies and misspent strivings of mankind.

Harold W» Smith did not approve of off-color jokes or misspending of a penny, much less political espionage.