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TeachMeFinance.com - explain Outlay Outlay The term 'Outlay ' as it applies to the area of Medicare in the United States can be defined as ' The issuance of checks, disbursement of cash, or electronic transfer of funds made to liquidate an expense regardless of the fiscal year the service was provided or the expense was incurred. When used in the discussion of the Medicaid program, outlays refer to amounts advanced to the States for Medicaid benefits'. Previous 5 Terms: outflanking Outflow Outflow Boundary Outflow Channel Outgoing Longwave Radiation Next 5 Terms: Outlet Outlet capacity Outlet channel (exit channel) Outlet Discharge Structure Outlet gate About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.