Definition, Meaning & Synonyms
incur-a-loss
phrase
/ɪnˈkɜːr ə lɔːs/
Definition
To experience a financial decrease due to actions or decisions taken.
Examples
- After investing heavily in the project, the company incurred a loss when it failed to launch on time.
- He was worried he would incur a loss on the stock market due to the falling prices.
Meaning
Incur a loss refers to the situation when an individual or organization finds itself at a financial disadvantage, usually resulting from expenses exceeding income or from unfavorable business activities.
Synonyms
- suffer a loss
- face a deficit
- experience a financial downturn
