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Incur
(redirected from incurrences)

    Also found in: Dictionary/thesaurus 0.04 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.
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With the implementation of ABC system, it would be possible to provide shop floor personnel with detailed breakdowns of cost incurrences.
A time-cost based procedure for rescheduling job orders by Lau, Amy H. / Journal of Academy of Business and Economics
The FASB's conceptual framework states that "expenses are outflows or other using up of assets or incurrences of liabilities (or a combination of both) from delivering or producing goods, rendering services, or carrying out other activities.
Stock options are not an expense by Rozycki, John J. / Financial Executive
The Senior Credit Facility requires mandatory prepayments for certain debt incurrences, asset sales and a portion of Excess Cash Flow (as defined in the Senior Credit Facility).
Alliance Laundry Holdings LLC Reports 2005 Sales and Earnings by Business Wire
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