OUTLAY

I. ˈau̇t-ˌlā, ˌau̇t-ˈ transitive verb

( out·laid -ˌlād, -ˈlād ; -lay·ing )

Date: 1802

: to lay out (money) : expend

II. ˈau̇t-ˌlā noun

Date: 1798

1. : the act of expending

2. : expenditure , payment

outlay s for national defense