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 ?
incurrence of direct investment liabilities increased $52.7 billion to $105.5 billion, primarily reflecting net U.S.
"Any incurrence of indebtedness by Liverpool Football Club needs full board approval.
These conditions can arise from a variety of incurrence ranging form an overturned trailer, to a fall, to being mired in down.
In a letter to all district Nazims and DCOs in July last, the present Punjab Government had issued its policy for incurrence of expenditures in connection with the visits or public meetings of VVIPs.
The increase in the consolidated net loss is due to an increase of USD4.97m in exploration, property evaluation and holding costs, an increase of USD1.64m in corporate administration and investor relations costs, the incurrence of USD1.146m of interest expense, and USD292,000 of start up costs.
The CFI dismissed the case, holding that there was no causal link between the Commission's decision and the incurrence of the bank charges.
The final regulations generally provide for the following valuation events: (1) a more-than-de minimis contribution to a disregarded entity of property, other than property pledged to secure a partnership liability; (2) a more-than-de minimis distribution from a disregarded entity of property, other than property pledged to secure a partnership liability; (3) a change in the legally enforceable obligation of the disregarded entity's owner to make contributions to the disregarded entity; (4) the incurrence, refinancing or assumption of an obligation of the disregarded entity that does not constitute its payment obligation under the regulations; and (5) the sale or exchange of a non-de minimis asset of the disregarded entity in a transaction outside of the normal course of business.
(d) the incurrence of additional debt to fund certain needs;
A distribution from a nonqualified deferred compensation plan may be made on account of a participant's incurrence of an unforeseeable emergency.
This case is important because it makes Clear that veterans with MS may prove their claims through incurrence or aggravation.
Norwood explained that in a conference call May 2, Pillowtex stated that there had been a one-time incurrence of expense related to the company's new loan agreement of more than $5 million and less than $10 million.
Although it would appear that the mere incurrence of additional cost would "prove" that atypical services have been rendered, corroborative information is often requested to substantiate the SNF's claim.