it is incurred

USAGE SUMMARY

The phrase "it is incurred" is correct and usable in written English.
You can use it in contexts related to expenses, debts, or obligations that have been created or accumulated. Example: "The company must report all costs that it is incurred during the project."

✓ Grammatically correct

News & Media

Science

Wiki

Human-verified examples from authoritative sources

Exact Expressions

9 human-written examples

The executive said that the cost of that lease must be recognized as it is incurred, even if no one to sublet had yet been found.

The New York Times

Other Internet accounting questions include whether to write off the cost of developing Web sites as it is incurred or to spread the deduction over several years.

The New York Times

That debt can linger for years, particularly when it is incurred by those, like Mr. Lazio, who are no longer in office and who may have more difficulty collecting donations.

The New York Times

Property improvements are also included in the cost basis and are depreciated over time, though the cost of most repairs is deductible in the year when it is incurred.

The New York Times

DFM totally eliminates the threat of mark spoofing, not only if spoofed marking is inscribed by the attacker, but also if it is incurred by the compromised routers in the attack path.

EURASIP Journal on Information Security

These observations are attributed to the fact that generous yielding is not incurred when the buffer threshold is too small, but it is incurred with step-by-step RTS power control when the buffer threshold is sufficiently large.

EURASIP Journal on Wireless Communications and Networking

Human-verified similar examples from authoritative sources

Similar Expressions

51 human-written examples

Second, it would make it much harder (perhaps impossible) for BP to recover costs it is incurring in the clean up and restitution from its co-owners of the Macondo Well, Anadarko and Mitsui.

BBC

Hence its lacking goods at some time does not imply, of a thing, that it is incurring harm at that time.

SEP

When they queried the charge, they were said to have been told it was incurred under a "no bad review policy" included in the terms and conditions.

The Guardian

Most of it was incurred for the high-speed rail system and financed with bank loans that must be rolled over as often as once a year.

The New York Times

And while nearly all of his student loan debt was accumulated at Columbia University, it was incurred while he was an undergraduate and while working on a master's degree, and not at Columbia Law.

The New York Times

Expert writing Tips

Best practice

When discussing financial obligations or expenses, use "it is incurred" to clearly indicate when the liability arises, enhancing transparency in accounting reports or financial discussions.

Common error

Avoid using "it is incurred" interchangeably with "it is paid". "Incurred" refers to when the liability is created, while "paid" indicates when the payment is actually made. Using the correct term ensures accurate financial reporting.

Linguistic Context

The phrase "it is incurred" functions as a passive voice construction, typically used to describe when a cost, expense, or liability arises. Ludwig AI confirms its proper usage in accounting and general contexts.

Expression frequency: Uncommon

Frequent in

News & Media

32%

Science

32%

Wiki

12%

Less common in

Academia

8%

Formal & Business

8%

Reference

8%

Ludwig's WRAP-UP

The phrase "it is incurred" functions as a passive construction indicating when a liability, cost, or expense comes into existence. Ludwig AI confirms the phrase is grammatically correct and suitable for written English. The primary contexts for its use include News & Media, Science and Wiki. When writing with this phrase, remember that "incurred" refers to the time a liability is created, not when payment is made. Alternatives include "it is sustained", "it is generated", and "it is accrued", but these should be chosen carefully to match the intended nuance. This phrase can improve clarity in financial or legal discussions by precisely marking the creation of responsibility.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

it is sustained

Focuses on the experience of bearing or suffering something, especially loss or damage.

it is generated

Highlights the creation or production of something, often in the context of costs or consequences.

it is accrued

Emphasizes the gradual accumulation of something over time, like debt or interest.

it is subjected to

Focuses on being made to undergo something, often unpleasant or difficult.

it is exposed to

Implies a vulnerability to something, often a risk or danger.

it is assumed

Highlights the acceptance or undertaking of something, often a responsibility or burden.

it is produced

Focuses on the creation or manufacture of something that results in additional cost or work.

it is commenced

Focuses on the beginning or start of something

it is necessitated

Emphasizes the required nature of a specific expense or condition.

it is originated

Highlights the beginning or creation of something that results in an additional cost or work.

FAQs

How to use "it is incurred" in a sentence?

Use "it is incurred" to specify when a cost, debt, or obligation arises. For example, "The expense is recognized in the period "it is incurred", not when it is paid."

What can I say instead of "it is incurred"?

You can use alternatives like "it is sustained", "it is generated", or "it is accrued" depending on the specific context.

Which is correct, "it is incurred" or "it was incurred"?

"It is incurred" indicates a present or ongoing situation, while "it was incurred" refers to something that happened in the past. Choose the tense that matches your intended meaning.

What's the difference between "it is incurred" and "it is accrued"?

"It is incurred" generally refers to when a cost or expense becomes a liability. "It is accrued" typically implies a gradual accumulation of something over time, often related to interest or benefits.