Source : Webster's Revised Unabridged Dictionary (1913)

Outlay \Out*lay"\, v. t.
   To lay out; to spread out; to display. [R.] --Drayton.

Outlay \Out"lay`\, n.
   1. A laying out or expending.

   2. That which is expended; expenditure.

   3. An outlying haunt. [Obs.] --Beau. & Fl.

Source : WordNet®

outlay
     n 1: the act of spending or disbursing money [syn: {spending}, {disbursement},
           {disbursal}]
     2: money paid out [syn: {outgo}, {expenditure}] [ant: {income}]
     [also: {outlaid}]