throwout

As nouns the difference between fritter and throwout

is that fritter is a dish made by deep-frying food coated in batter while throwout is (rare) one who has been rejected by society; an outcast.

As a verb fritter

is to occupy oneself idly or without clear purpose, to tinker with an unimportant part of a project, to dally, sometimes as a form of procrastination.