Definitions

1. noun

the act or process of incurring something, especially a loss, debt, or responsibility

“The company’s financial reports revealed the incurrence of heavy losses due to the economic downturn.”

2. noun

a situation in which a loss, debt, or responsibility is incurred

“The incurrence of unexpected expenses forced the family to cut back on their spending.”

3. verb

to incur or experience something, especially a loss, debt, or responsibility

“The company will incur significant costs if they decide to launch a new product line.”