Meaning of the word "spending spree" in English

What does "spending spree" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

spending spree

US /ˈspɛndɪŋ spriː/
UK /ˈspɛndɪŋ spriː/

Noun

a period of time during which someone spends a lot of money

Example:
After winning the lottery, she went on a massive spending spree.
The company went on a spending spree to acquire new businesses.