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Discover Ludwig"incurrence of debt" is correct and can be used in written English.
You could use it to describe the fact that someone borrowed money and now owes it. For example, "The incurrence of debt allowed them to purchase a new car."
Exact(1)
But the incurrence of debt in itself is not that bad; ill-advised use of proceeds after you incur that disaster, whether you are a consumer or a corporation, or a government.
Similar(59)
Financing- fording for business enterprises is accomplished through issuance of ownership shares - stocks or incurrence of long term debts - bonds or short term debt - loans.
Team's net-of-debt value: $1.3 billion.
Stay out of debt.
Son of Debt Ceiling.
$69.4 million of debt securities.
Massachusetts, $51 million of debt securities.
It is composed of debt.
California, $5.4 billion of debt securities.
Reduce the burden of debt.
Michigan, $50 million of debt securities.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com