The Collaborative International Dictionary
Despend
Despend \De*spend"\, v. t. To spend; to squander. See Dispend. [Obs.]
Some noble men in Spain can despend [pounds]50,000.
--Howell.
Wiktionary
despend
alt. (context obsolete English) To spend; to squander. vb. (context obsolete English) To spend; to squander.