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The Collaborative International Dictionary
Squandering

Squander \Squan"der\ (skw[o^]n"d[~e]r), v. t. [imp. & p. p. Squandered (-d[~e]rd); p. pr. & vb. n. Squandering.] [Cf. Scot. squatter to splash water about, to scatter, to squander, Prov. E. swatter, Dan. sqvatte, Sw. sqv["a]tta to squirt, sqv["a]ttra to squander, Icel. skvetta to squirt out, to throw out water.]

  1. To scatter; to disperse. [Obs.]

    Our squandered troops he rallies.
    --Dryden.

  2. To spend lavishly or profusely; to spend prodigally or wastefully; to use without economy or judgment; to dissipate; as, to squander an estate.

    The crime of squandering health is equal to the folly.
    --Rambler.

    Syn: To spend; expend; waste; scatter; dissipate.

Wiktionary
squandering

n. The act by which something is squandered; wastage. vb. (present participle of squander English)

WordNet
squandering

n. spending resources lavishly and wastefully; "more wasteful than the squandering of time"