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incur
(redirected from incurrence)

   Also found in: Dictionary/thesaurus 0.03 sec.

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


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The auditor also recommended that the county develop a policy of using capital leases that reflect the acquisition and incurrence of obligations when entering into long-term, build-to-suit leases and ensure that the proper documents are obtained when leasing buildings.
The Delta Credit Facility provides for the maintenance of various financial ratios and covenants, and imposes limitations on, among other things, the incurrence of additional indebtedness, the incurrence of additional liens, sales of assets, the level of annual capital expenditures, and the amount of investments and loans that may be made by Delta and its subsidiaries.
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.
 
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