transitive verb. : to become liable or subject to : bring down upon oneself incur expenses.
What does it mean when costs are incurred?
An incurred expense is a cost that a business incurs when it purchases goods or services on credit. The purchase may be made either through a credit card. ... For example, if Company XYZ purchases goods worth $1,000 on credit, the company will have an incurred expense of $1,000.
How do you use the word incurred?
Incurred sentence example
- The debt was incurred before I took over. ...
- The state incurred in this connection a liability of some 1/22o,ooo,000, of which about 1/2I6,00o,000 represented the rolling stock.
