outlay


2out·lay

noun \ˈat-ˌlā\

Definition of OUTLAY

1
: the act of expending
2
: expenditure, payment <outlays for national defense>

Examples of OUTLAY

  1. The initial outlay for the program will be 2.4 million dollars.
  2. Maintaining a horse requires considerable outlay.

First Known Use of OUTLAY

1798

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