incurred

Definition

Corporate-speak for 'we spent money' or 'we're now responsible for something unfortunate.' It's the passive-aggressive accounting term for when costs, debts, or liabilities show up uninvited on your balance sheet. The word makes financial disasters sound inevitable and sophisticated, as if you didn't just make a questionable decision.

Example Usage

We incurred significant losses this quarter, which is a fancy way of saying we lit money on fire and called it a growth strategy.

Source: Accounting and financial terminology

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