Profligate poet? (7)

I believe the answer is:

spender

I believe this is a double definition.

'profligate' is the first definition.
(spender is a kind of profligate)

'poet?' is the second definition.
(Stephen Spender)

(Other definitions for spender that I've seen before include "One using money" , "poet, communist" , "writer of poetry" , "who is just 31[WINDOW SHOPPER]? No" , "One who disburses money - big in popular song" .)

I've seen this clue in The Telegraph.

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