Definitions (2)

1.Accounting: Total cost or expenditure required or incurred in acquiring an asset, achieving an objective, or executing a decision. Thus, outlay on a machine would include its purchase price and taxes, delivery charges, and installation and set up costs.
2.Economics: Sum of total cost and opportunity cost.

Use outlay in a sentence

  • You must know what the total outlay of a new project will be before you get started to budget correctly.

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  • You need to know what the total outlay for a project will be so you can figure out if it will be worth attempting.

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  • The outlay was less than we were expecting so this was great news to the vice president who decreased the budget.

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