Incurred defined

WebTo 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 … WebIncurred Interest means, for the Company for any Test Period, without duplication, the aggregate amount of all interest paid, accrued or capitalized during such period, excluding loan fees. Sample 1 Sample 2 Based on 2 documents Save Copy Remove Advertising Examples of Incurred Interest in a sentence

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WebTo encounter, as some undesirable or injurious consequence; become liable or subject to through one's own action; bring upon one's self: as, to incur liabilities. To enter; pass; occur; come to pass. from the GNU version of the Collaborative International Dictionary of English. intransitive verb obsolete To pass; to enter. Webincurred definition A word used by accountants to communicate that an expense has occurred and needs to be recognized on the income statement even though no payment … inboard drive shaft maintenance https://caraibesmarket.com

Actual charges incurred Definition Law Insider

WebBenefits incurred represent surrenders and death benefits paid and the change in policy reserves. If the file is separated by coverage, both the Accident Benefits incurred and the Tort incurred aspects of the file must be reported. This benefit shall be payable if the Eligible Expenses and other eligible expenses payable under these Terms and ... WebDec 7, 2024 · All costs incurred by a company are either period costs or product costs. Additionally, the two types of costs are recorded differently. See the table below for more comparison: Product Costs Period Costs; Definition: Costs related to the production of a product: Costs not related to the production of a product: Method of Recording: Webincurred; incurring 1 : to meet with (as an inconvenience) incur expenses 2 : to bring upon oneself incur punishment Etymology from Latin incurrere "to meet with," literally, "to run … inboard electric skateboard

Incur - Definition, Meaning & Synonyms Vocabulary.com

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Incurred defined

Costs incurred Definition Law Insider

WebFilter & Search. Costs incurred means an expenditure by the Taxpayer or its affiliate to a retailer, lessor or contractor that is directly attributable to the creation of or expansion of a Qualified Facility. Costs incurred means costs integral to the remediation of a site which have been paid by a responsible party. WebDefinition: Incurred, in accounting terms, means the moment in which an expenses has occurred or a transaction has taken place and must be recorded. In other words, it is the …

Incurred defined

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WebWhat is an Incurred Cost? An incurred cost is defined as a charge that is recorded as an obligation until it has been paid. Any goods or services a business receives will generally be considered an incurred cost.

Webinure: [verb] to accustom to accept something undesirable. WebDec 21, 2024 · Incurred is an accounting term that means that all transactions, regardless of their nature, must be recorded when they occur. It means that an accountant must …

Webverb Definition of incurred past tense of incur as in contracted Synonyms & Similar Words Relevance contracted pursued caught accepted sought welcomed courted embraced … Webtr.v. in·curred, in·cur·ring, in·curs 1. To acquire or come into (something usually undesirable); sustain: incurred substantial losses during the stock market crash. 2. To become liable or subject to as a result of one's actions; bring upon oneself: incur the anger of a friend.

Webtr.v. in·curred, in·cur·ring, in·curs. 1. To acquire or come into (something usually undesirable); sustain: incurred substantial losses during the stock market crash. 2. To become liable or …

Web1 a : financial burden or outlay : cost built the monument at their own expense b : an item of business outlay chargeable against revenue for a specific period c : something expended … inboard engine motor flusherWebIncurred is defined as that you got something, or caused something to happen to yourself. An example of incurred is what happened to your debt when you used your credit cards … incidence of oppositional defiant disorderWebMay 31, 2024 · An incurred cost is defined as a charge that is recorded as an obligation until it has been paid. Any goods or services a business receives will generally be considered an incurred cost. … (When a credit card has been used to pay a supplier, it’s a paid expense and still considered an incurred cost). inboard easy startWebApr 10, 2024 · transitive verb Word forms: -curred, -curring. 1. to come into or acquire (some consequence, usually undesirable or injurious ) to incur a huge number of debts. 2. to … incidence of orthostatic hypotensionWebTo 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 … incidence of oropharyngeal cancerWebIncurred losses refer to the total amount of paid claims and loss reserves associated with a particular time period, usually a policy year. On This Page. Additional Information. It does not ordinarily include incurred but not reported (IBNR) losses. Your Trusted Source for risk management and insurance information, education, and training ... inboard electric motor for a 40\\u0027 power boatWebJun 25, 2024 · IBNR stands for Incurred But Not Reported, which refers to the estimate of the liability from claims that have taken place but have not yet been reported to an insurer. While carriers do their best to value incurred claims at the present-day amount, liability claims have the potential to adversely develop over time. Untimely Reporting of ... incidence of osa