to shell out

from The Collaborative International Dictionary of English v.0.48
Shell \Shell\, v. t. [imp. & p. p. {Shelled}; p. pr. & vb. n.
   {Shelling}.]
   1. To strip or break off the shell of; to take out of the
      shell, pod, etc.; as, to shell nuts or pease; to shell
      oysters.
      [1913 Webster]

   2. To separate the kernels of (an ear of Indian corn, wheat,
      oats, etc.) from the cob, ear, or husk.
      [1913 Webster]

   3. To throw shells or bombs upon or into; to bombard; as, to
      shell a town.
      [1913 Webster]

   {To shell out}, to distribute freely; to bring out or pay, as
      money. [Colloq.]
      [1913 Webster]
    

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