Incurred legal definition

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August undefined, 2024

Webverb (used with object), in·curred, in·cur·ring. to come into or acquire (some consequence, usually undesirable or injurious): to incur a huge number of debts. to become liable or subject to through one's own action; bring or take upon oneself: to incur his displeasure. OTHER WORDS FOR incur 2 arouse, incite, provoke. Webadjective. (of a usually undesirable consequence) experienced or brought upon oneself: The report did not reveal the exact number of disaster-affected families or the value of their …

Indemnify Definition & Meaning - Merriam-Webster

WebIncurred and Paid means an Eligible Cost for goods and/or services that have been paid for by the Proponents; Sample 1 Based on 1 documents Incurred and Paid means, in relation … Webincurred definition A word used by accountants to communicate that an expense has occurred and needs to be recognized on the income statement even though no payment was made. The second part of the necessary entry will be a credit to a liability account. city hall hartford ct birth certificate

Indemnity legal definition of indemnity - TheFreeDictionary.com

WebDec 21, 2024 · Incurred is an accounting term that means that all transactions, regardless of their nature, must be recorded when they occur. It means that an accountant must … WebThe study comes up with a number of results, namely: the Palestinian law provides no definition for the use of force, but rather it provides concepts regarding the material and moral use of force. It can be concluded that the use of force is illegal in penal procedures, except in the cases stated by law for law enforcement officials so that the ... Web(e) Veteran of any war means any veteran who served in the active military, naval, air, or space service during a period of war as set forth in § 3.2. (f) Period of war means the periods described in § 3.2. (g) Secretary concerned means: (1) The Secretary of the Army, with respect to matters concerning the Army; (2) The Secretary of the Navy, with respect … city hall hazlehurst ga

INCURRED English meaning - Cambridge Dictionary

INCURRED definition in the Cambridge English Dictionary

WebJun 24, 2024 · Incurred expenses have been charged or billed but are not yet paid. In other words, an expense incurred is the cost when an asset is consumed. A paid expense has … Web1. To acquire or come into (something usually undesirable); sustain: incurred substantial losses during the stock market crash. 2. To become liable or subject to as a result of … did anyone watch the nba finalsWebin· dem· ni· fy in-ˈdem-nə-ˌfī. indemnified; indemnifying. Synonyms of indemnify. transitive verb. 1. : to secure against hurt, loss, or damage. 2. : to make compensation to for incurred hurt, loss, or damage. indemnifier. did anyone win friday\u0027s mega millions jackpot

"WebCosts incurred means costs integral to the remediation of a site which have been paid by a responsible party. Costs are considered incurred when funds are disbursed to the … " - Incurred legal definition

Incurred legal definition

Indemnity legal definition of indemnity - TheFreeDictionary.com

WebApr 12, 2024 · Indemnity is a comprehensive form of insurance compensation for damages or loss. When the term indemnity is used in the legal sense, it may also refer to an … Web(9) "Future damages" means damages that are incurred after the date of the judgment. Future damages do not include exemplary damages. (10) "Future loss of earnings" means a pecuniary loss incurred after the date of the judgment, including: (A) loss of income, wages, or earning capacity; and (B) loss of inheritance.

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WebLegal Definition incur transitive verb in· cur in-ˈkər incurred; incurring : to become liable or subject to : bring down upon oneself incur obligations incur expenses More from Merriam …

WebRecompense for loss, damage, or injuries; restitution or reimbursement. An indemnity contract arises when one individual takes on the obligation to pay for any loss or damage that has been or might be incurred by another individual. Web(6) Any amount paid specifically - either as an advance, as reimbursement or allowance - for traveling or other bona fide and necessary expenses incurred, or reasonably expected to be incurred in the business of the employer, provided the payment is identified by the employer either by a separate payment or by specifically indicating the ...

Webdefinition. Bid Preparation and Closing Expenses means any and all of the following expenses incurred by the Manager, any Member, the Company or any Subsidiary for a Targeted Asset, consisting of: (i) reasonable legal and other third- party and out-of- pocket expenses incurred in connection with the due diligence review and analysis of a ... WebSep 19, 2024 · The IRS allows businesses to deduct legal and professional fees for "ordinary and necessary" expenses. Businesses may deduct up to $5,000 in startup costs for total startup expenses of up to $50,000. Deductions are limited and need to be amortized for higher total expenses. The forms you need to report for such expenses differ with the type …

WebMar 14, 2024 · A liability is an obligation of a company that results in the company’s future sacrifices of economic benefits to other entities or businesses. A liability, like debt, can be an alternative to equity as a source of a company’s financing. Moreover, some liabilities, such as accounts payable or income taxes payable, are essential parts of day ...

WebMay 3, 2024 · Reimbursement: Compensation paid by an organization for out-of-pocket expenses incurred or overpayment made by an employee, customer, or other party. … did anyone win last night\u0027s euromillionsWebMore Definitions of Incurred and Paid. Incurred and Paid means an Eligible Cost for goods and/or services that have been paid for by the Proponents; Sample 1. Based on 1 documents. Incurred and Paid means, in relation to an Eligible Expenditure, that the Proponent has paid for; Sample 1. Based on 1 documents. city hall hazelwood moWeb(9) "Future damages" means damages that are incurred after the date of the judgment. Future damages do not include exemplary damages. (10) "Future loss of earnings" means … city hall hayward caWebExpenses legally incurred (5) Photograph crosswords from a newpaper or magazine and solve in the app with Ross's help! I believe the answer is: city hall hazlehurst msWebIncur. 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 individual incurs a liability when a money judgment is rendered against him or her by a … city hall healdsburg californiaWebincurred definition: 1. past simple and past participle of incur formal 2. past simple and past participle of incur…. Learn more. did anyone win last night\u0027s lotteryWebSynonyms for INCURRED: contracted, pursued, caught, accepted, sought, welcomed, courted, embraced; Antonyms of INCURRED: avoided, escaped, evaded, shook, shunned ... did anyone who got the black death survive