Definition, Meaning & Synonyms
incur-an-expense
verb phrase
/ɪnˈkɜːr æn ɪkˈspɛns/
Definition
To become liable or subject to a cost or expenditure, typically due to an action or decision.
Examples
- When you take out a loan, you will incur an expense in the form of interest payments.
- Traveling for business may incur an expense for transportation and lodging.
Meaning
Incur an expense means to take on additional costs as a result of your actions, such as making a purchase or entering a contract.
Synonyms
- assume a cost
- take on an expense
- bear a charge
