incurred costs

USAGE SUMMARY

The phrase "incurred costs" is correct and usable in written English.
You would use this phrase when you want to refer to costs that have been incurred as a result of an action. For example, "The company incurred costs of $500 for repairs to the roof."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

The Disney bid has also incurred costs to Comcast's reputation.

The New York Times

So far Ofsted has incurred costs of over £331,000.

The Guardian

According to the CCP Research Foundation JP Morgan incurred costs for legal issues of £35bn between 2009 and 2013.

The Guardian - Business

French tourists cost the NHS almost £5m, while those from Spain incurred costs of only £3m under the Ehic scheme.

The Guardian

And being an "incorporated person" has its advantages, such as tax breaks, limited liability and deductions for incurred costs.

The Economist

If it considers that the prosecution was completely misconceived and the defendant incurred costs as a result then there may be a substantial bill to pay.

The Guardian - Opinion

Bombardier posted its first loss in six quarters after Northwest Airlines canceled an order and the company incurred costs from job cuts at its train operations.

The New York Times

[Therefore] Morawski cannot demonstrate that he suffered damage as the result of misappropriation of his ideas or that he incurred costs in reliance on defendants' promise".

The Guardian - Film

However, RBS said it would not be compensating for inconvenience or time wasted – it is focusing on reimbusing people who incurred costs.

The Guardian - Money

RBS said it would not be compensating customers for inconvenience or time wasted, focusing instead on those who had incurred costs.

The Guardian - Business

It found that while the two companies had just posted profits of £25bn, they had incurred costs in the same year of £46.5bn.

The Guardian - Opinion

Expert writing Tips

Best practice

When discussing budgets or financial reports, use "incurred costs" to clearly indicate the expenses that have already been realized as a result of business activities.

Common error

Avoid using "incurred costs" when referring to projected or anticipated expenses. "Incurred costs" specifically denote expenses that have already been realized, not those that are forecast.

Linguistic Context

The phrase "incurred costs" functions as a verb + noun phrase, where 'incurred' acts as a past participle modifying 'costs'. It describes expenses or liabilities that an entity has already taken on. This aligns with Ludwig's assertion that it refers to costs resulting from an action.

Expression frequency: Very common

Frequent in

Science

36%

News & Media

31%

Formal & Business

10%

Less common in

Wiki

4%

Reference

0%

Social Media

0%

Ludwig's WRAP-UP

As Ludwig AI indicates, "incurred costs" is a grammatically correct phrase used to describe expenses that have already been realized. It's commonly found in financial, business, and scientific contexts. When using "incurred costs", ensure you are referring to expenses that have already happened, and avoid using it for projected or estimated costs. Alternatives like "accrued expenses" or "sustained losses" can be used depending on the specific nuance you want to convey. The phrase is widely used and understood, making it a reliable choice for formal and professional communication.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

accrued expenses

Focuses on the accumulation of expenses over time, implying a gradual increase in costs.

borne expenses

Highlights the act of carrying or enduring the financial burden of expenses.

sustained losses

Emphasizes the experience of suffering financial losses as a result of certain actions or events.

racked up charges

Implies a rapid or excessive accumulation of charges or expenses.

encountered expenditures

Highlights the experience of facing or coming across expenditures.

ran up debts

Suggests the accumulation of debts as a result of spending or incurring costs.

faced outlays

Focuses on confronting or dealing with financial outlays or expenditures.

absorbed overheads

Implies the process of integrating or including overhead costs into a budget or financial statement.

carried liabilities

Highlights the burden of carrying financial liabilities or obligations.

assumed financial responsibilities

Focuses on taking on or accepting the responsibility for financial obligations.

FAQs

How can I use "incurred costs" in a sentence?

You can use "incurred costs" to describe expenses that have already been realized. For example, "The company "incurred costs" of $10,000 due to the unexpected repairs."

What's the difference between "incurred costs" and "estimated costs"?

"Incurred costs" refers to expenses that have already been realized, while "estimated costs" refers to expenses that are projected or anticipated.

What are some alternatives to using the phrase "incurred costs"?

Depending on the context, you could use phrases like "accrued expenses", "sustained losses", or "borne expenses".

Is "incurred costs" formal or informal language?

"Incurred costs" is generally considered neutral to formal language suitable for business, academic, and news contexts.