The Collaborative International Dictionary of English v.0.48:

Prostitute \Pros"ti*tute\, v. t. [imp. & p. p. Prostituted; p.
   pr. & vb. n. Prostituting.] [L. prostitutus, p. p. of
   prostituere to prostitute; pro before, forth + statuere to
   put, place. See Statute.]
   1. To offer, as a woman, to a lewd use; to give up to
      lewdness for hire. "Do not prostitute thy daughter."
      --Lev. xix. 29.
      [1913 Webster]

   2. To devote to base or unworthy purposes; to give up to low
      or indiscriminate use; as, to prostitute talents; to
      prostitute official powers. --Milton.
      [1913 Webster]