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.

References in periodicals archive ?
Risk managers are often baffled by insurers that argue they are incuring losses while at the same time cutting rates.