What does "squandering" mean?

The act by which something is squandered; wastage.

Squandering

Common synonyms include: ablation, absorption, assimilation, attrition, carpe diem, conspicuous consumption.

noun, verb

noun, verb ·3 syllables ·Moderate ·College level

Noun

1
The act by which something is squandered; wastage. countable, uncountable
"[…] the squanderings and mismanagings of former Governments […]"
2
spending resources lavishly and wastefully wordnet

Verb

1
present participle and gerund of squander form-of, gerund, participle, present

"He was accused of squandering public funds."