cash outlay是什么，可以翻译一下选项吗

问题如下：

Forward contracts are most likely to be attractive hedging vehicles to investors who:

选项：

A.

want to reserve the right to close out their position early

B.

are not in a position to investigate the creditworthiness of their counterparties

C.

do not want to make an upfront outlay of cash

解释：

Most forward contracts do not require an upfront cash outlay. Other hedging vehicles, such as futures (which require margin accounts) and options (which must be purchased for a fee), do require upfront payments