incur

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Related to incured: incurred claims

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 ?
It is alleged the couple submitted a false invoice for accommodation expenses incured by Mrs Woodward while staying at the home of her daughter's American lawyer, Ms Elaine Whitfield Sharp, during the trial.
I would have hated to miss out on Mulligan in that sort of form," said Maguire, who added that he's likely to appeal over his six-day ban for irresponsible riding incured at Kempton on Saturday.
Depending on the deal worked out, vendors can pay for advertising, in-store entertainment, product, public relations surrounding the event and other expenses incured.
That increase nearly recouped losses incured during 1986.
South Trend property, provided that Canadian Royalties paid a $30,000 cash fee and incured exploration expenditures of $500,000 over 4 years.
They said they invested huge sums for the crop but have incured huge losses due to low rate of their produce.
Additionally, the suit alleged that Elias suffered serious physical distress, and the family incured and will continue to incur medical and related expenses.
The exceptionnally high effective tax rate of 57 percent is a result of tax benefit not accounted for from losses of subsidiaries incured during the quarter.