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Squander (5)

Ross

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5

6

7,4

'squander' is the definition.
(lavishing is a kind of squandering)

This is all the clue.

(Other definitions for lavish that I've seen before include "Plentiful or munificent" , "Splendid" , "Sumptuously rich" , "Profusely generous" , "Extravagant or excessive" .)

I've seen this clue in The Telegraph.
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