Entry 4 senses · 2 variants Webster, 1913 Outlay /out'-lāˌ/ · Out·lay · IPA /ˈaʊtleɪ/ v. t. n. 01 v. t. To lay out; to spread out; to display. 1. To lay out; to spread out; to display.[R.] 02 n. A laying out or expending. 1. A laying out or expending. 2. That which is expended; expenditure. 3. An outlying haunt.[Obs.]