Is There Such a Word as Incurrence?

What does incurrence mean? Incurrence is the act or process of acquiring, taking on, or subjecting oneself to something, typically something negative, such as debt, guilt, or someone's anger.

What does Incurment mean?

: the act of incurring or state of being incurred prevented the incurment of further debts incurment of guilt.

What is incurrence liability?

Definition: Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus.