The act of expending; a laying out, as of money;
disbursement.
from Sheathe. Inclosing with a sheath; as, the sheathing leaves of grasses; the sheathing stipules of many polygonaceous plants.
That which sheathes. Specifically: (a) The casing or covering of a ship's bottom and sides; the materials for such covering; as, copper sheathing. ...