incurred debt

USAGE SUMMARY

The phrase "incurred debt" is correct and usable in written English.
It is typically used to describe the situation where a person or organization has accumulated financial obligations or liabilities. Example: "After the expansion of the business, the company incurred debt that it needed to manage carefully."

✓ Grammatically correct

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

16 human-written examples

And most importantly: what happens to Egypt's money and Egypt's falsely incurred debt?

The Guardian - Opinion

Jake took that job to pay off a foolishly incurred debt, and it puts him in the midst of an underworld centered on a club called the Naked Eye, where men connect with escorts like Sandy.

The New York Times

The experiences of Greece and Ireland show, he said, "that once austerity sets in, the country doesn't generate the means to be able to pay for the already incurred debt".

The New York Times

I came of working age in the 80's; it took a few years of being granted limited credit (a $200-limit 200-limit retail, a $1,000 cardloan there), then proving over a couple of years that I could indeed pay off my incurred debt before American Express or Visa would even consider me for my own card.

The New York Times

A new study of nearly 1,000 low- and middle-income families by Demos, a research and policy group, suggests that most of those who suffered degraded credit ratings during the recession either lost their job, lacked medical insurance or incurred debt when they were injured or got sick.

The New York Times

Dynegy's corporate structure is unusual in that its top-tier holding company, which is the publicly traded entity, has little debt, while the next corporation down the chain is weighed down by liabilities, both in the form of directly incurred debt and guarantees for the debts of various operating subsidiaries.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

43 human-written examples

Mr Cardoso incurred debts trying to prop up the real, until its devaluation in 1999.

The Economist

Often deeply indebted to banks they partly own, they have incurred debts that are hazardous for both borrower and lender.

The New York Times

Almost every human interaction involves debts incurred — debts that are either paid, in which case balance is restored, or else not, in which case people feel angry.

The New York Times

Some larger dairy farmers are said to have incurred debts of more than £1m since milk prices first began to plummet in May.

Independent

Governments can only go broke if they have incurred debts in another currency; ie if they cannot finance their external current account deficit (which includes interest paid abroad).

The Guardian - Opinion

Expert writing Tips

Best practice

When discussing financial situations, use "incurred debt" to clearly indicate that debt has been accumulated as a result of specific actions or circumstances.

Common error

Avoid using "incurred debt" when you mean "outstanding debt". "Incurred debt" refers to the act of accumulating debt, whereas "outstanding debt" refers to the amount of debt that remains to be paid.

Linguistic Context

The primary grammatical function of "incurred debt" is to act as a noun phrase that describes a state of owing money. This phrase often serves as the object of a verb, indicating the action of accumulating or taking on financial obligations. Ludwig AI confirms that this phrase is widely used and understood.

Expression frequency: Common

Frequent in

News & Media

40%

Science

30%

Formal & Business

15%

Less common in

Wiki

5%

Academia

5%

Social Media

0%

Ludwig's WRAP-UP

The phrase "incurred debt" is a common and grammatically sound expression used to describe the act of accumulating financial obligations. Ludwig AI confirms its correctness and usability. It appears frequently in news, science, and business contexts, serving to inform or explain financial situations. While alternatives like "accumulated debt" or "taken on debt" exist, "incurred debt" clearly conveys the process by which debt has been accumulated. When using this phrase, be mindful of its distinction from "outstanding debt", which refers to the remaining amount to be paid.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Accumulated debt

Focuses on the gradual increase of debt over time.

Acquired debt

Emphasizes the obtaining of debt, often through a specific action or event.

Contracted debt

Highlights the formal agreement or contract involved in incurring debt.

Taken on debt

Suggests a deliberate acceptance or assumption of debt.

Assumed financial obligations

A more formal way of describing the acceptance of debt-related responsibilities.

Accumulated liabilities

Uses a more accounting-oriented term for accumulated debts.

Created indebtedness

Highlights the creation of a state of being in debt.

Built up debt

Focuses on the incremental accumulation of debt.

Generated debt

Suggests that the debt arose as a result of a specific process or activity.

Brought about debt

Emphasizes the causal relationship between an action and the resulting debt.

FAQs

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

You can use "incurred debt" to describe how a person or organization has accumulated financial obligations. For example, "The company "incurred debt" to expand its operations."

What are some alternatives to saying "incurred debt"?

Alternatives include "accumulated debt", "acquired debt", or "taken on debt", depending on the specific context.

Is there a difference between "incurring debt" and "managing debt"?

"Incurring debt" refers to the act of accumulating financial obligations, while "managing debt" refers to the strategies and actions taken to handle and repay existing debt.

When is it appropriate to use "incurred debt" instead of "has debt"?

Use "incurred debt" when you want to emphasize the process by which the debt was accumulated. "Has debt" simply states the current state of owing money, without focusing on how it was acquired.