outlay

The word "outlay" refers to an amount of money spent, usually on a specific project, activity, or period of time. It is close in meaning to "cost," but it often puts more attention on the money that has been paid out rather than on the price itself. While "cost" can describe what something is worth or what it would require, "outlay" usually points to the actual spending.

You will often encounter "outlay" in financial contexts such as budgeting, accounting, and investment. A business might report "operating outlays" for day-to-day expenses or "capital outlays" for long-term assets like machinery, buildings, or property. For example, you might read: "The company's research and development outlay increased significantly this quarter." In everyday use, the word can also describe personal or household spending when someone wants to sound more formal or precise, such as talking about the outlay for a wedding, a home repair, or a long trip.

Beyond finance, the term can sometimes describe the spending of time, effort, or energy, though this use is less common than the money sense. Someone might say, "The project required a major outlay of effort." Ultimately, when you hear "outlay," think of resources going out to make something happen, whether that means a large business purchase, a season of farm work, or a smaller personal project. It is a word that highlights the practical side of spending in order to achieve a result.