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The Collaborative International Dictionary of English v.0.48:

Dispend \Dis*pend"\, v. t. [OF. despendre, L. dispendere to weigh out, dispense; dis- + pendere to weigh. See Pension, Spend, and cf. Dispense.] To spend; to lay out; to expend. [Obs.] --Spenser. [1913 Webster] Able to dispend yearly twenty pounds and above. --Fuller. [1913 Webster]