Is “Outlay” a Scrabble word?

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Yes
OUTLAY
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Valid
Large English Dictionary
General English word list
Unavailable

Meaning of Outlay

noun
  1. 1.A laying out or expending; that which is laid out or expended.

  2. 2.The spending of money, or an expenditure.

    Without too much outlay, you could buy a second-hand car.

  3. 3.A remote haunt or habitation.

verb
  1. 1.To lay or spread out; expose; display.

  2. 2.To spend, or distribute money.