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Simple English definitions for legal terms
spendthrift
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A quick definition of spendthrift:
A spendthrift is someone who spends a lot of money in a careless and wasteful way. It means they don't save their money and spend it on things they don't really need. A spendthrift can get into financial trouble if they don't learn to manage their money wisely.
A more thorough explanation:
Definition: One who spends money recklessly and wastefully.
Example: John is a spendthrift who always buys expensive clothes and gadgets, even though he can't afford them.
Explanation: The example illustrates the definition of spendthrift by showing a person who spends money without thinking about the consequences. John's behavior is reckless and wasteful because he is spending money he doesn't have on things he doesn't need.