Yes, greed is a Scrabble word!
...and is worth 7 points in Scrabble, and 8 points in Words with Friends
greed
Noun
1. Excessive desire to acquire or possess more (especially more material wealth) than one needs or deserves
2. Reprehensible acquisitiveness; insatiable desire for wealth (personified as one of the deadly sins)
What Scrabble words can I make with the letters in greed?
5 Letter Words
4 Letter Words
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3 Letter Words
2 Letter Words