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 ?
5 million, following the recent incurrence of additional capital leases.
net incurrence of long-term liabilities based on the survey S are shown in lines 11, 22, and 33.
incurrence of portfolio investment liabilities 13 Total liabilities (U.
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 dollar decrease was the result of reduced sales, the incurrence of approximately $9.
The loss for 2001 is attributable to poor operating performance at the Company's foreign subsidiaries, the incurrence of additional fixed costs due to certain product launch delays, and a reduction of automotive sales due to general economic softening as described above.
The timing of the incurrence of medical and nursing home expenses and their payment determines the year of deductibility.
Timing the incurrence and payment of medical and nursing home expenses.
The alternatives may include (i) the incurrence of new incremental credit facilities, (ii) amendments to CCU's existing credit facilities to, among other things, permit CCU and its subsidiaries, including Clear Channel Outdoor Holdings, Inc.
The purpose of the amendment is to provide the company with greater flexibility in pursuing corporate opportunities, including through the incurrence of additional debt.