Definition, Meaning & Synonyms
incur-a-cost
verb
/ɪnˈkɜːr ə kɔːst/
Definition
To become subject to a financial charge or expense.
Examples
- Choosing to expand the business may incur a cost that needs to be carefully considered.
- Traveling abroad can incur costs that are higher than expected.
- When you take a loan, you will inevitably incur a cost in the form of interest.
Meaning
When someone incurs a cost, they are responsible for paying an amount of money due to a specific action or decision.
Synonyms
- Bear an expense
- Face a charge
- Take on a financial liability
