fritter

Concise Oxford English Dictionary © 2008 Oxford University Press:
fritter1

▶verb

• 1 (often fritter something away) waste time, money, or energy on trifling matters.

• 2 archaic divide into small pieces.

– origin C18: based on obs. fitter ‘break into fragments’.

Concise Oxford English Dictionary © 2008 Oxford University Press:
fritter2

▶noun a piece of fruit, vegetable, or meat that is coated in batter and deep-fried.

– origin ME: from OFr. friture, based on L. frigere (see fry1).