incurrence

Becoming subject to

Incurrence is the act of bringing something upon oneself, typically something undesirable like debt, expense, or liability: the incurrence of additional costs, the incurrence of risk.

The word appears almost exclusively in legal, financial, and bureaucratic contexts.

It's the noun form of incur.

liability

debt

Money owed another

obligationRequired task or commitment
expenseMoney paid out
costRequired payment amount

charge · penalty · fine · fee · loss · damage · risk · burden · exposure · arrears

onset

beginning

Initial stage of something

commencementAct of starting
initiationFormal admission ceremony
startTo set going

inception · arising · occurrence · emergence · manifestation · development · origination · triggering · activation · realization

accounting

ledger

Financial record book

journalRecord of daily events
bookkeepingRecording financial transactions systematically
recordPreserved account or achievement

transaction · posting · debit · credit · entry · adjustment · reconciliation · audit · voucher · invoice

Opposites

acquisition vs. prevention of obligations

incurrenceavoidance

Deliberate keeping away

prevention · evasion · circumvention · sidestepping · dodging

accumulation vs. elimination of liabilities

incurrenceavoidance

Deliberate keeping away

discharge · extinguishment · repayment · settlement · liquidation

risk/exposure

incurrenceavoidance

Deliberate keeping away

prevention · mitigation · protection · shielding · hedging

Family

current, occur, currency, recur, precursor, excursion, concur, incur, recurrent

Familiarity: Top 1,000,000
Profile: Used worldwide · Timeless · Abstract · Rated G