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incurrence

B2
Rare

Pronunciation

UK

    US

      Meanings

      Noun

      1. the act of becoming responsible for a cost, debt, liability, or obligation

      Beyond the definition

      Imagine you're taking out a loan to buy a new car. The moment you sign the contract, you are not just getting money; you are also taking on debt. This word refers to that act of becoming responsible for something, usually a cost, a duty, a risk, or a penalty. It is not just any event. It points to a result that follows from an action or situation and leaves you with something to carry. You will most often see it in formal settings, such as when an insurance company talks about the "incurrence of a loss" or a lawyer mentions the "incurrence of a penalty" after a rule is broken.

      Examples

      1. 1

        Legal finance

        The contract requires approval before the incurrence of any new debt.

        • Usagethe incurrence of

          a formal phrase used in legal and financial writing

      2. 2

        Cost control

        The company changed its travel policy to reduce the incurrence of unnecessary costs.

      3. 3

        Lease responsibility

        Under the lease, the tenant is responsible for the incurrence of any repair expenses caused by damage.

      See also

      Similar

      Shades of meaning

      Contrast

      Used with (collocations)

      • incurrence of debt
      • incurrence of expenses
      • incurrence of liability

      Word family

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      Forms and spellings

      1 form open this card.

      Main spelling

      • incurrencenoun