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Waste: from Latin, vastare, to lay waste.
To destroy, devastate a stretch, tract or area; ruin, as land; to make weak, feeble, or emaciated, to wear away the strength, vigour, or life of; to use up or spend without need, profit, or proper return, to squander; uncultivated or uninhabited land resembling a desert or wilderness, desolate, wild, dreary, bare, and dismal; produced in excess of of what is or can be used; wasting or being wasted, specifically, a useless or profitless spending or consuming, squandering, as of money, time etc., a gradual loss, decrease or destruction by use, wear, decay, deterioration etc.; unneeded, discarded, or excess material as ashes, garbage, by-products etc., superfluous matter excreted from the body, as faeces or urine; ruin or devastation, as by war [Archaic]; in law, spoil, destruction or injury done to houses, woods, fences, lands etc., by a tenant for life or for years, to the prejudice of the heir, or of him in a reversion or remainder.
[Webster's Twentieth Century Dictionary]