Part of Speech

Noun

Pronunciation

/ɪnˈkɜːrəns/

Definitions

• The act of incurring something, such as a cost, liability, or debt.
• The state of being subjected to something undesirable, often a penalty or obligation.

Usage Examples

• The incurrence of additional costs was expected in the project.
• He faced the incurrence of penalties due to his actions.
• The company’s financial report showed the incurrence of significant losses last quarter.

Etymology

From Latin "incurrere," meaning "to run into, to fall into," combined with the suffix "-ence," indicating a state or condition of being.

Synonyms

• Obligation
• Liability
• Cost
• Debt

Antonyms

• Exemption
• Release
• Discharge
• Freedom

Translations

Regional Pronunciation Variations

Regional variations in the pronunciation of "incurrence" are rare. However, some dialects may emphasize different syllables or change the vowel sounds slightly based on local speech patterns.

Historical Usage

The term "incurrence" has been used primarily in legal and financial contexts to refer to the process of acquiring debts, liabilities, or obligations. It appeared prominently in financial documents as early as the 18th century.

Cultural Nuances

In many cultures, the concept of "incurrence" often carries a negative connotation, as it is associated with taking on undesirable responsibilities. However, in some business and financial circles, it may also imply necessary costs or investments to achieve long-term goals.

More Information

The incurrence of debt is a common concern in both personal and corporate finance. It is often seen as a last resort for those in need of immediate capital but can lead to long-term financial obligations if not managed properly. In legal contexts, the term is used to describe the process by which a party incurs certain liabilities, such as taxes or penalties, by engaging in specific actions.