Spend \Spend\, v. t. [imp. & p. p. Spent; p. pr. & vb. n. Spending.]

[AS. spendan (in comp.), fr. L. expendere or dispendere to weigh out, to expend, dispense. See Pendant, and cf. Dispend, Expend, Spence, Spencer.]

1. To weigh or lay out; to dispose of; to part with; as, to spend money for clothing.

Spend thou that in the town. --Shak.

Wherefore do ye spend money for that which is not bread? --Isa. lv. 2.

Source: Webster's Revised Unabridged Dictionary (1913)
 

Spending \Spend"ing\, n. The act of expending; expenditure.

Spending money, money set apart for extra (not necessary) personal expenses; pocket money. [Colloq.]

Source: Webster's Revised Unabridged Dictionary (1913)