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Payments made in cash or cash equivalents. Common examples of outlays include employee salaries and coupon payments on bonds. Revenue outlays are those made currently or those that will be made within a year, while capital outlays are those made for periods longer than one year. Outlays are recorded as liabilities on a balance sheet and are also called expenditures.


spending by buyers on PRODUCTS or ASSETS. Expenditure on a particular product or asset is equal to product or asset price times quantity bought, that is, TOTAL REVENUE.

In aggregate terms, expenditure by households, businesses and government (see CONSUMPTION, INVESTMENT, GOVERNMENT EXPENDITURE) constitutes the AGGREGATE DEMAND, which (in conjunction with AGGREGATE SUPPLY) determines the level of activity in the economy.

References in periodicals archive ?
Consequently, the existence of a bi-directional causality between EXPEND and GDPN has a sound theoretical basis.
This requirement is tempered in that an entity making alterations to a primary function area need only expend up to 20% of the overall alteration costs on complying with the path of travel requirement.
The series 2005A bond proceeds are being held in escrow and the county expects to change the county bond resolution allowing them to expend 2005A bond proceeds for facility construction at the site ultimately selected.
The agreement calls for Goldstack to expend $1,000,000 to put the Yellow Hammer Vat Leach Project into production.
In the event that Tri Texas is successful in acquiring all of the shares Home-Stake companies for which it is tendered, Tri Texas would be obligated to expend approximately $17,500,000 in the form of purchase price.
Piedmont must reimburse AuEx $10,995 for claims fees and expend at least $75,000 on exploration during the first year.
2) Lalo must expend a minimum of US$100,000 and pay Mena US$50,000 per concession within 4 years from approval of this agreement.
Under the terms of the agreement, AuEx will reimburse Newmont claim holding fees for 2004 and 2005 totaling approximately US$11,000 and is committed to expend US$200,000 in exploration expenses during the first 30 months of the agreement.
The terms of the Joint Venture require Magnus to expend, through its subsidiary Golden River, a total of US$3,010,000 on the area covered by the two Exploration Licenses over a period of roughly four years.