Outlay/ˈaʊtleɪ/ Definition 1 of 2Pro Tip 1/3Budget Planning The word often refers to planned spending, important in budgeting and finance. Our total outlay for the new office equipment was within our budget. Pro Tip 2/3One-Time Cost 'Outlay' can imply a one-time expense, rather than ongoing costs. The outlay on the new software will pay off in efficiency. Pro Tip 3/3Big Purchase It is often used for significant or larger expenses. The company's outlay on the new building was a major financial decision.