Meaning of the word outlay in English

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

outlay

US /ˈaʊt.leɪ/
UK /ˈaʊt.leɪ/
"outlay" picture

Noun

1.

an amount of money spent on something

Example:
The initial outlay for the new business was substantial.
They need to reduce their capital outlay.
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