Incurrence means
Web: to become liable or subject to : bring down upon oneself incur expenses Did you know? Incur vs. Occur Incur bears a strong family resemblance to another English verb, occur. If … WebIncur definition, to come into or acquire (some consequence, usually undesirable or injurious): to incur a huge number of debts. See more.
Incurrence means
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WebDefine Debt Incurrence Test. means, with respect to any incurrence of Indebtedness or other transaction, a Leverage Ratio of less than or equal to 7.00 to 1.00, calculated for the most … WebIncurrence 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 …
Webnoun The act of incurring. Webster's New World Similar definitions Advertisement Other Word Forms of Incurrence Noun Singular: incurrence Plural: incurrences Find Similar … WebIncur. To become subject to and liable for; to have liabilities imposed by act or operation of law. Expenses are incurred, for example, when the legal obligation to pay them arises. An …
Web1. : the simultaneous occurrence of events or circumstances. 2. : an agreement in judgment. specifically : a judge's or justice's separate opinion that differs in reasoning but agrees in … WebIncurrence of Indebtedness means the borrowing, issuance or other incurrence of (a) indebtedness for borrowed money or in respect of loans or advances or (b) indebtedness evidenced by bonds, debentures, notes or other similar instruments, other than, in the case of each of clauses (a) and (b) above, Excluded Indebtedness. Sample 1
WebMay 29, 2024 · What is incurrence test? A financial ratio test for covenant compliance that needs to be met at the time specific actions occur (rather than a maintenance test which needs to be met at regular intervals, such as quarterly or …
WebDefinition: An incurred cost in accrual accounting is the moment in time when a resource or asset is consumed and an expense is recorded. In other words, it’s when a company uses an asset or becomes liable for the use of an asset in the production of a product. These assets cease to be a resource and are converted into an expense. high back wicker patio chairsWebFeb 18, 2024 · Overhead incurred is the indirect costs that an entity actually experiences during a reporting period. These costs are accumulated in an overhead cost pool. Overhead absorbed is the amount of overhead allocated to products and services. Overhead incurred does not necessarily match the amount of overhead absorbed. how far is kinston from raleighWebIncurrence definition: The act of incurring. Find Similar Words Find similar words to incurrence using the buttons below. high back wicker outdoor furnitureWeb• INCURRENCE (noun) Sense 1. Meaning: The act of incurring (making yourself subject to something undesirable) Classified under: Nouns denoting acts or actions. Hypernyms … high back wicker chair cushionsWebApr 10, 2024 · incurrence in American English. (inˈkɜːrəns, -ˈkʌr-) noun. the act of incurring, bringing on, or subjecting oneself to something. Most material © 2005, 1997, 1991 by … how far is kinston nc from goldsboro ncWebWebster Dictionary Rate this definition: 0.0 / 0 votes Incurrence noun the act of incurring, bringing on, or subjecting one's self to (something troublesome or burdensome); … how far is kinston nc from ayden ncWebIncurrence Covenant means a covenant by the borrower to comply with one or more financial covenants only upon the occurrence of certain actions of the borrower including, but not limited to, a debt issuance, dividend payment, … how far is kinston nc from greenville nc