Dis·pense, v. i.
  1. To compensate; to make up; to make amends. [Obs.]
  One loving hour
  For many years of sorrow can dispense.   --Spenser.
  2. To give dispensation.
     He [the pope] can also dispense in all matters of ecclesiastical law.   --Addis & Arnold (Cath. Dict. )
  To dispense with. (a) To permit the neglect or omission of, as a form, a ceremony, an oath; to suspend the operation of, as a law; to give up, release, or do without, as services, attention, etc.; to forego; to part with. (b) To allow by dispensation; to excuse; to exempt; to grant dispensation to or for. [Obs.] “Conniving and dispensing with open and common adultery.” --Milton. (c) To break or go back from, as one's word. [Obs.]