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Definition of "incurrence" [in•cur•rence]

  • The act of incurring something (noun) : Text is available under the Creative Commons Attribution-ShareAlike License

Use "incurrence" in a sentence
  • "Our economic problems were caused mainly by incurrence of far too much debt by individuals and firms, and secondarily, by ill-conceived investments in securities comprised of such debt."
  • "At bottom, there is general agreement as to the principal factor in our financial crisis being the incurrence of excessive debt -- mainly, but not exclusively real estate related -- by individuals and businesses."
  • "The underlying problem was the incurrence of the debts and not the manner in which they were packaged."