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The Collaborative International Dictionary of English v.0.48:

Lavish \Lav"ish\, v. t. [imp. & p. p. Lavished (-[i^]sht); p. pr. & vb. n. Lavishing.] To expend or bestow with profusion; to use with prodigality; to squander; as, to lavish money or praise. [1913 Webster]