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The Collaborative International Dictionary of English v.0.48:

Fritter \Frit"ter\, v. t. [imp. & p. p. Frittered; p. pr. & vb. n. Frittering.] 1. To cut, as meat, into small pieces, for frying. [1913 Webster] 2. To break into small pieces or fragments. [1913 Webster] Break all nerves, and fritter all their sense. --Pope. [1913 Webster] To fritter away, to diminish; to pare off; to reduce to nothing by taking away a little at a time; also, to waste piecemeal; as, to fritter away time, strength, credit, etc. [1913 Webster]