The meaning of INCUR is to become liable or subject to : bring down upon oneself. How to use incur in a sentence. Incur vs. Occur
astatopm cpmmect fail statopm cpmmect出故障[translate] ascholars 学者[translate] aAll of the expenses incurred while abroad and the health insurance will be borne by inviting company 招致的所有费用,当海外和健康保险将通过邀请公司负担时[translate]...
aDo they have a strong coal lobby, 他们有一个强的煤炭大厅,[translate] asupplier is responsible for all the expenses incurred for the insurance coverage 供应商负责为保险责任范围招致的所有费用[translate]
What is the definition of incurred expense? Incurred Expense —expenses paid plus reserves for expenses to be paid. Which is not a expense? An expense decreases assets or increases liabilities. Typical business expenses include salaries, utilities, depreciation of capital assets, and interest expense...
7.(Insurance)insurance a.an occurrence of something that has been insured against, thus giving rise to a claim by a policyholder b.the amount of the resulting claim 8.uncertain what to do; bewildered 9.rendered helpless (for lack of something):at a loss for words. ...
Losses and Loss-Adjustment Expenses: This represents the total reserves for unpaid losses and loss-adjustment expenses, including reserves for anyincurred but not reported losses, and supplemental reserves established by the company. Glossary More results ► ...
Definition of Incurred Cost Any expenses or payment till it is discharged is considered as incurred cost like use of credit card till the payment to bank is done is considered as incurred cost and it is used in accrual system of accounting which determine that the expense should be recorded ...
Incurred but not reported refers to a reserve account type which is used the insurance sector to document claims and and events that have transpired on a client, but has not been reported to the insurance firm. In IBNR cases, an actuary will calculate and approximate the cost for potential ...
capable work force, but these costs are not recorded as assets. They are recorded as expenses ...
IBNR is frequently used byinsurance companies, particularly along the East and Gulf Coasts of the United States (where hurricanes and other natural disasters are common). After a storm hits, actuaries estimate the potential damage to infrastructure and the claims that may be anticipated. Based on ...