Def of incurred
WebTo have received a particular treatment. (of an illness) To have caught or contracted. Past tense for to experience a challenging or traumatic event, especially an injury or illness. … Webverb (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. OTHER WORDS FOR incur 2 arouse, incite, provoke.
Def of incurred
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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 … WebDec 13, 2024 · An incurred cost is a cost arising from the consumption of an asset or service, or from a loss that has been sustained. Proper business planning requires management to have a detailed understanding of incurred costs in relation to revenues, in order to maintain an adequate level of profitability.Many companies compare their …
Webdefinition. Incurred Expenses or “ Expenses Incurred ” means those services and supplies rendered to a Covered Person. Such expenses will be considered to have occurred at the time or date the treatment, service or supply is actually provided. Incurred Expenses means services were performed for, or goods were received by, units of local ... Webincur: 1 v make oneself subject to; bring upon oneself; become liable to “People who smoke incur a great danger to their health” Types: run be affected by; be subjected to Type of: subject cause to experience or suffer or make liable or vulnerable to v receive a specified treatment (abstract) Synonyms: find , get , obtain , receive acquire , ...
Webinduce. be subjected to. bring down on. expose oneself to. meet with. On this page you'll find 22 synonyms, antonyms, and words related to incurred, such as: acquire, earn, … WebDefinition: An incurred cost in accrual accounting is the moment in time when a resource or asset is consumed and an expense is recorded. In other words, it’s when a company uses an asset or becomes liable for the use of an asset in the production of a product. These assets cease to be a resource and are converted into an expense.
WebIncur. 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. …
WebFeb 7, 2024 · Incurred But Not Reported (IBNR) is a type of reserve account used in the insurance industry as the provision for claims and/or events that have transpired, but have not yet been reported to an ... safety only inspection texasWebDec 7, 2024 · A financial obligation coming from accruals typically has a corresponding incurred expense. For example, a business recognized accrued salaries and wages because it still has unpaid but already incurred salaries and wages at the end of the period. safety on school busWebApr 12, 2024 · Indemnity is compensation for damages or loss, and in the legal sense, it may also refer to an exemption from liability for damages. The concept of indemnity is based on a contractual agreement ... safety on the farm for kidsWebto experience something, usually something unpleasant, as a result of actions you have taken: to incur debts / fines / bills. The play has incurred the wrath / anger of both … safety on the building sitesafety on resorts in mexicoWebMar 27, 2024 · Accrued Liability: An accrued liability is an expense that a business has incurred but has not yet paid. A company can accrue liabilities for any number of obligations, and the accruals can be ... safety on smith and wesson 9mmWebApr 10, 2024 · 1. to come into or acquire (some consequence, usually undesirable or injurious ) to incur a huge number of debts. 2. to become liable or subject to through … safety on tap podcast