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term:
Spendthrift
spendthrift n
: a person who spends money foolishly, profusely, or wastefully
adj 1 : of, relating to, or being a spendthrift
2 : of or relating to a spendthrift trust
Source: Merriam-Webster’s Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.