Despend vs Despond - What's the difference?

As verbs the difference between despend and despond

is that despend is (obsolete) to spend; to squander while despond is to give up the will, courage, or spirit; to become dejected, lose heart.

(archaic) despondency.

* dispend

(en verb)

(obsolete) To spend; to squander.

(Howell)

(Webster 1913)

(en verb)

To give up the will, courage, or spirit; to become dejected, lose heart.

* Scott's Letters

I should despair, or at least despond .

* John Locke

Others depress their own minds, [and] despond at the first difficulty.

* D. Webster

We wish that desponding patriotism may turn its eyes hitherward, and be assured that foundations of our national power still stand strong.

(-)

(archaic) Despondency.

* despair