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'''Outlays''' are payments made (generally through the issuance of checks or disbursement of cash) to liquidate [[obligation]]s. Outlays during a fiscal year may be for payment of obligations incurred in prior years or in the same year.<ref>[http://www.senate.gov/reference/glossary_term/outlays.htm US Senate Reference]</ref>
'''Outlays''' are payments made (generally through the issuance of checks or disbursement of cash) to liquidate [[obligation]]s. Outlays during a fiscal year may be for payment of obligations incurred in prior years or in the same year.<ref>[https://www.senate.gov/reference/glossary_term/outlays.htm US Senate Reference]</ref>
==References==
==References==