squander [verb]: spend wastefully; fritter away.
Example: Within a year, the sons squandered all the money they had inherited.
Related words: squanderer [noun], squanderingly [adverb]
Synonyms: dissipate, disperse, misspend, scatter, splurge
Antonyms: acquire, amass, collect, garner, hoard, accumulate, save, stockpile, stash, store
Tags: GRE
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