expend

/ɪkˈspend/ verb [T] formal

Definition

› to use or spend something, especially time, effort, or money: expend energy/effort/time Why do firms expend effort investing abroad, rather than staying home and producing for export? expend money/resources/funds Managers had to expend a lot of time dealing with the consequences of the incident.

(Definition of expend verb from the Cambridge Business English Dictionary © Cambridge University Press)