Outlaying Meaning: Definition, Examples, and Translations
๐ฐ
outlaying
[หaสtleษช ]
Definition
financial planning
To outlay means to spend money or resources for a particular purpose. It often refers to the initial investment required to achieve a goal or project.
Synonyms
Examples of usage
- The company had to outlay a significant amount for the new equipment.
- He decided to outlay his savings on a new business venture.
- The outlay for the renovation project exceeded their budget.
Translations
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Interesting Facts
Finance
- In budgeting, outlays refer to the actual spending versus planned spending; understanding this helps in financial planning.
- Government budgets often include outlaying for projects like roads and schools, reflecting government priorities.
- In business, companies look at outlaying to forecast profits by comparing costs of new ventures against expected earnings.
Business Strategy
- Effective outlaying involves setting clear priorities for where resources will be allocated to maximize returns.
- Outlaying is essential in project management, where teams define costs and resources before starting work.
- Understanding outlay helps stakeholders assess the value of investments in various aspects such as marketing or hiring.
Cultural Insights
- In some cultures, the way resources are outlaid reflects communal versus individual values, shifting the approach to projects and investments.
- Festivals and community activities often require careful outlaying of resources to ensure everyone can participate, which fosters a sense of togetherness.
Psychology
- People often struggle with outlaying due to emotional attachments to money, leading to challenges in budgeting.
- The concept of outlaying aligns with delayed gratification, where understanding long-term costs helps in making better financial decisions.
Origin of 'outlaying'
Main points about word origin
- The word 'outlaying' comes from 'outlay,' which combines 'out' (indicating movement away) and 'lay' (to place down).
- It has roots in finance-related literature dating back to the early 18th century, showing its longstanding importance in economic discussions.
The term 'outlay' originated in the early 19th century from the combination of the prefix 'out-' meaning 'external' or 'beyond' and 'lay,' which means 'to put down' or 'to set forth.' Initially, it described the laying out of cash or resources. Over time, the usage has evolved to encompass broader meanings associated with financial expenditure, particularly in business and investment contexts. The word has become increasingly common in discussions about budgeting and allocating funds strategically, emphasizing the importance of planning before making significant expenses.