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 ?
acquisition of financial assets excluding financial derivatives and a decrease in net incurrence of liabilities excluding financial derivatives.
incurrence of liabilities to foreigners excluding financial derivatives was $908.6 billion in 2014, down from $1,017.7 billion in 2013.
Net incurrence of direct investment liabilities to foreigners was $93.1 billion, down from $295.0 billion in 2013.
incurrence of other investment liabilities to foreigners was $106.6 billion, up from $91.5 billion (chart 12).
incurrence of liabilities 325,025 341,838 Net lending/borrowing from financial- account transactions -173,694 -143,455 (1.) Quarterly statistics are seasonally adjusted when series demonstrate statistically significant seasonal patterns; seasonally adjusted statistics are cited in this article when available.