Outlay is a noun that refers to an amount of money spent on something. The word is spelled with the combination of the vowel sounds "au" and "ou", which make the /aʊ/ sound in IPA phonetic transcription. The first syllable is pronounced with stress, while the second syllable is unstressed. The word's spelling comes from its etymology, which traces back to the Middle English word "out-legen," meaning to lay out or spend. Outlay is commonly used in financial contexts, such as business expenses and budgets.
Outlay, as a noun, refers to the act of spending, expending, or investing money in order to acquire something or achieve a particular purpose. It is the total sum of money that is paid or allocated for a specific project, undertaking, or purchase. Outlay can include various types of expenses, such as costs for equipment, materials, labor, services, or other resources that are necessary for the completion or initiation of an activity.
As a verb, outlay means to spend or disburse money for a particular purpose. It involves the act of releasing funds from one's personal or organizational budget or resources to fulfill financial obligations or to acquire a product or service.
In financial and business contexts, outlay often implies a significant expenditure or investment, and is commonly associated with strategic planning and budgeting. It is a crucial aspect of financial management as it determines the allocation of resources and influences decision-making processes.
The term outlay is commonly used in budgetary discussions, project management, procurement, and financial reporting, where it helps evaluate the cost-effectiveness, profitability, and overall performance of an investment or project. Understanding and effectively managing outlay is essential for individuals, businesses, and organizations to achieve their desired goals while maintaining financial stability.
Expenditure.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
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The word "outlay" originated in English in the early 18th century. It comes from a combination of two words: "out" and "lay".
The verb "lay" has Old English roots and means to place or put something down. The prefix "out" indicates movement away from a central point or toward the exterior. When combined with "lay", it creates the concept of "laying something out", i.e., spending money or resources on something.
Thus, the etymology of "outlay" reflects the idea of laying or putting out money or resources for a particular purpose or expense. Over time, it morphed into a noun form to indicate the amount or act of spending or expenditure.