Spun records encouraging profligacy (9)

I believe the answer is:

splurging

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'spun records encouraging profligacy' is the definition.
I can't judge whether this definition defines the answer.

'spun records encouraging' is the wordplay.
'spun' says the letters should be written in reverse.
'records' becomes 'L-Ps' (LP is a type of record).
'encouraging' becomes 'urging' (urging is a kind of encouraging).
'lps' written backwards gives 'spl'.
'spl'+'urging'='SPLURGING'

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I've seen this clue in The Daily Express.

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