Student or Learner
Would you be kind enough to explain to me the distinction between "expenditure" and "outlay"?
Thank you for your efforts.
Last edited by vil; 22-Aug-2008 at 13:55.
An outlay is "front money" - money given before or spent before the event; perhaps a deposit.
The initial outlay for the trip was $5,000. That was for plane fare and hotels.
Expenditure is the cost of something.
We expect expenditures to be another $2,000 for the entire vacation.