What is Fritter?

Fritter definition and meaning on Dictionary terms:
verb (used with object)
to squander or disperse piecemeal; waste little by little (usually followed by away): to fritter away one’s money; to fritter away an afternoon.
to break or tear into small pieces or shreds.

verb (used without object)
to dwindle, shrink, degenerate, etc. (often followed by away): to watch one’s fortune fritter away.
to separate or break into fragments: a plastic material having a tendency to fritter.

a small piece, fragment, or shred.