The Collaborative International Dictionary of English v.0.48:

Outlay \Out"lay`\, n.
   1. A laying out or expending.
      [1913 Webster]

   2. That which is expended; expenditure.
      [1913 Webster]

   3. An outlying haunt. [Obs.] --Beau. & Fl.
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The Collaborative International Dictionary of English v.0.48:

Outlay \Out*lay"\, v. t.
   To lay out; to spread out; to display. [R.] --Drayton.
   [1913 Webster]

WordNet (r) 3.0 (2006):

outlay
    n 1: the act of spending or disbursing money [syn: spending,
         disbursement, disbursal, outlay]
    2: money paid out; an amount spent [syn: outgo, spending,
       expenditure, outlay] [ant: income]