Outbid

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To offer more money than a rival for something, especially at an auction.

Outbound Telemarketing

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When a company calls prospective customers on the phone in order to sell them goods or services, compared to Inbound Telemarketing where the customer calls a company for assistance or to purchase goods.

Outgoings

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Term used in the UK to describe money being paid out on a regular basis by an individual or a company.

Outlay

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The total amount of money which has to be spent to acquire an asset or start a project, including costs, taxes, delivery charges, etc.

Output Tax

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In the UK, the amount of VAT (Value Added Tax) a company or business adds to the price of its products or services.

Outsourcing

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An arrangement in which a company produces goods or provides services for another company, usually in the same country.