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What does squanderation mean?

Looking for the meaning or definition of the word squanderation? Here's what it means.

Noun
  1. The act or process of squandering; the state or quality of being squandered; dissipation; wastefulness.
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Examples
Had Corporal Jones produced his orders early on, we all might have been spared a lamentable squanderation of much-needed time.
Only the unions, that is, and the federal tax authorities who have a vested interest in national squanderation.
Pure squanderation of the cannon and unnecessarily flattening to the skeet.
A policy of squanderation now will revive inflation without curing recession.
The Democrats make quite outrageous demands for still greater squanderation of farm surpluses.

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