incur

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Incur

To become subject to and liable for; to have liabilities imposed by act or operation of law.

Expenses are incurred, for example, when the legal obligation to pay them arises. An individual incurs a liability when a money judgment is rendered against him or her by a court.

incur

verb acquire, assume, bargain for, become liible for, become responsible for, bring on, bring upon oneeelf, contract, enter into, expose onself to, fall into, get, lay oneself open to, meet with, run the chance, suscipere, undertake
Associated concepts: claim incurred, incur a debt, incur a liibility, incur an obligation, incurred risk, incurring indebttdness, penalty incurred
References in periodicals archive ?
Timing the incurrence and payment of the medical or nursing home expenses may enable a taxpayer to exceed the 7.
No issue of senior notes limits the amount of senior or subordinated debt incurrence.
The senior notes at CSC Holdings have a debt incurrence limitation at 9 times (x) leverage.
The fiscal 2005 loss was exacerbated by the incurrence of expenses eligible for capitalization and related to prior year grant revenues, a divisional upgrade for its athletics program, and additional student scholarships.
The new notes lack typical high yield covenants such as debt incurrence and restricted payment tests.
Raising approximately USD 1,670 million gross proceeds from the incurrence by VNU subsidiaries of senior unsecured indebtedness maturing in 2014 and senior subordinated indebtedness maturing in 2016, guaranteed by VNU and certain of its subsidiaries;