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incurrence |
Also found in: Legal | 0.02 sec. |
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incurrence [ɪnˈkʌrəns] n
the act or state of incurring ThesaurusLegend: Synonyms Related Words Antonyms
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The auditor also recommended that the county develop a policy of using capital leases that reflect the acquisition and incurrence of obligations when entering into long-term, build-to-suit leases and ensure that the proper documents are obtained when leasing buildings. The Delta Credit Facility provides for the maintenance of various financial ratios and covenants, and imposes limitations on, among other things, the incurrence of additional indebtedness, the incurrence of additional liens, sales of assets, the level of annual capital expenditures, and the amount of investments and loans that may be made by Delta and its subsidiaries. The fiscal 2005 loss was exacerbated by the incurrence of expenses eligible for capitalization and related to prior year grant revenues, a divisional upgrade for its athletics program, and additional student scholarships. |
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