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spendthrift (n.)

c. 1600, from spend (v.) + thrift (n.) in sense of "savings, profits, wealth." Replaced earlier scattergood (1570s) and spend-all (1550s). From c. 1600 as an adjective.

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Definitions of spendthrift from WordNet
1
spendthrift (n.)
someone who spends money prodigally;
Synonyms: spend-all / spender / scattergood
2
spendthrift (adj.)
recklessly wasteful;
From wordnet.princeton.edu