Sudden burst of extravagance (7)

I believe the answer is:

splurge

'sudden burst of extravagance' is the definition.
(I've seen this before)

This is the entire clue.

(Other definitions for splurge that I've seen before include "Sudden burst of extravagance" , "Not very well" , "lashing out" , "Spend wildly" , "Orgy" .)

I've seen this clue in The Mirror and The Times.

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