Lewis & Short

ab-lĭgūrrĭo (-gurio), īvi, ītum, 4, v. a.

  1. I. To lick away, waste or spend in luxurious indulgence: bona, Enn. ap. Don. ad Ter. Phorm. 2, 2, 25 (Sat. 29 Vahl.); Ter. Eun. 2, 2, 4: patrimonium, App. Mag. p. 313 (but in Cic. Cat. 2, 5, 10, the correct read. is obligaverunt).
  2. II. In mal. part., Suet. Gram. 23.