The correct spelling of the word "UTLAGE" is actually "OUTLAY". The IPA transcription for "OUTLAY" is /aʊtˈleɪ/. The first syllable "OUT" is pronounced as /aʊt/ which sounds like "owt". The second syllable "LAY" is pronounced as /leɪ/ which sounds like "lay". Outlay refers to an expenditure or a payment, usually larger than normal, often used in reference to business expenses. It is important to spell words correctly to avoid confusion and ensure clear communication.