Crossword Genius

Waste money extravagantly (8)

Ross

I believe the answer is:

squander

(Other definitions for squander that I've seen before include "Dissipate" , "lose recklessly" , "Fritter away, waste" , "Misspend" , "Waste (a resource) recklessly" .)

I've seen this clue in the Sydney Morning Herald.
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