outlay

//ˈaʊtˌleɪ//
C1Frequency Level 12Formal
Visual representation of outlay

Noun

outlaySingular
outlaysPlural
1

An amount of money spent on something, especially as an investment or for a specific purpose.

The initial outlay for the new equipment was significant, but it will save money in the long run.

2

The act of spending or expending money or resources.

The outlay of funds for the new project was carefully planned.

Verb

1

To spend or expend money or resources.

The company outlaid a significant amount on new equipment.