To give or deal out, especially in parts or portions: a machine that dispenses candy; a neighbor who freely dispenses advice. See Synonyms at distribute. To prepare and give out (medicines). To administer (laws, for example). To exempt or release, as from a duty or religious obligation. To manage without; forgo: Let's dispense with the formalities. To get rid of; do away with: a country that has dispensed with tariff barriers.