From The Collaborative International Dictionary of English v.0.44 [gcide]:
Expend \Ex*pend"\, verb (used with an object) [imp. & p. p. {Expended}; p. pr. & vb. n. {Expending}.] [L. expendere, expensum, to weigh out, pay out, lay out, lay out; ex out + pendere to weigh. See {Poise}, and cf. {Spend}.] To lay out, apply, or employ in any way; to consume by use; to use up or distribute, either in payment or in donations; to spend; as, they expend money for food or in charity; to expend time labor, and thought; to expend hay in feeding cattle, oil in a lamp, water in mechanical operations.
If my death might make this island happy . . . I would expend it with all willingness. --Shak.
From WordNet (r) 2.0 [wn]:
noun
1: the act of spending money for goods or services [syn: {expenditure}]
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