What does incur mean?
verb (used with object), in·curred, in·cur·ring. to come into or acquire (some consequence, usually undesirable or injurious): to incur a huge number of debts. to become liable or subject to through one’s own action; bring or take upon oneself: to incur his displeasure.
What does it mean to incur a cost?
to lose money, owe money, or have to pay money as a result of doing something. incur costs / expense /expenses: She may have to meet any costs incurred as a result of the delay. incur a debt: They are not personally liable for debts incurred by a partner.
How do you use incur in a sentence?
Incur sentence examples We will need to incur costs to solve the problem. When the country was in distress, the queen felt a womanly repugnance for festivities; and yet it was undesirable that the court should incur the The court reproach of living meanly to save money.
What is another word for incur?
In this page you can discover 21 synonyms , antonyms, idiomatic expressions, and related words for incur , like: obtain, bring upon oneself, provoke, contract, acquire, catch, incite, assume, encounter, gain and sustain.
What is the difference between incurred and paid?
An incurred expense is a cost that your business owes when receiving goods or services. Paid expenses are incurred expenses that you have paid for. For example, when you actually pay off the credit card used to buy supplies, the incurred expense becomes a paid expense.
What is the difference between occur and incur?
The definition of “ Occur ” is happen; take place . The definition of “ Incur ” is (1) to come into or acquire or to become liable or subject to through one’s own action; (2) bring or take upon oneself.
Will incur a fee?
To incur is to get or receive — and usually it’s something you brought upon yourself. If you don’t pay your credit card bills on time, you’ ll likely incur lots of fees and some serious debt. Generally, when you incur something, that something is undesirable.
What does it mean to incur interest?
In accounting, accrued interest refers to the amount of interest that has been incurred , as of a specific date, on a loan or other financial obligation but has not yet been paid out. Accrued interest can either be in the form of accrued interest revenue, for the lender, or accrued interest expense, for the borrower.
What is the opposite of incur?
incur . Antonyms: avoid, shun, elude, escape.