incurrence

American  

[in-kur-uhns, -kuhr-] / ɪnˈkɜr əns, -ˈkʌr- /

noun

1. the act of incurring, bringing on, or subjecting oneself to something.

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incurrence British  

/ ɪnˈkʌrəns /

noun

1. the act or state of incurring

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Usage

What does incurrence mean? Incurrence is the act or process of acquiring, taking on, or subjecting oneself to something, typically something negative, such as debt, guilt, or someone’s anger.To incur is to become subject to some kind of consequence, especially as a result of one’s own actions. Incurrence is most often used in the context of debt.Example: The failure of her business resulted in the incurrence of significant debt and credit problems that would be difficult to escape.

Etymology

Origin of incurrence

First recorded in 1650–60; incurr(ent) + -ence

Example Sentences

Short selling and margin trading entail greater risk, including but not limited to risk of unlimited losses and incurrence of margin interest debt, and are not suitable for all investors.

From Forbes

Proceeds from the IPO and debt incurrence at WhiteWave along with internally generated cash flow will help Dean repay this debt.

From Reuters

“It’s fixed rate, there’s no amortization payment, it’s covenant-lite and the incurrence test is the only limitation that restricts additional debt from being issued.”

From BusinessWeek

The financing was also structured with an “incurrence- based” covenant package, which dictates the borrower cannot incur more debt unless a chosen financial ratio is below a stated level.

From BusinessWeek

Clearwire can’t fill the funding gap with debt, in our view, as secured debt incurrence is dependant on additional equity capital.

From Forbes