IPA: /ˈaʊtleɪ/
KK: /aʊtleɪ/
An amount of money that is spent or used for a specific purpose, such as expenses or costs.
The company's outlay for new equipment was higher than expected.
To spend or distribute money for a specific purpose.
The company decided to outlay a significant amount for the new project.
Past: outlaid
Past Participle: outlaid
Outlay → It is formed from "out-" (meaning outside or outward) and "lay" (from Old English "leah", meaning to place or put down). The word "outlay" refers to the act of placing or spending money outwardly or externally, typically for a specific purpose.
Think of placing money 'out' ('out-') for a specific purpose, which is what outlay means.