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.]