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  • Pablo Defendini thinks this is interesting:

Layout can be objectively described as the physical properties (spacing, sizing, positioning) and arrangement of the design elements within a determined area and, ultimately, as the finished design.

From

Cover of Graphic Design, Referenced: A Visual Guide to the Language, Applications, and History of Graphic Design

Note

This phrasing ("Are we still doing that?") is a bit misleading or confusing, imho. These are two discrete senses for the word 'layout.' They'd be 1) and 2) in the dictionary, for example.