What is meant by incur costs?
An incurred cost is a cost arising from the consumption of an asset or service, or from a loss that has been sustained. Proper business planning requires management to have a detailed understanding of incurred costs in relation to revenues, in order to maintain an adequate level of profitability.
What does Defrayal mean?
or de·fray·ment payment of some or all charges or expenses.
What is the meaning of Defrayable?
to furnish or provide money for (costs, expenses, etc); pay. Collins English Dictionary. Copyright © HarperCollins Publishers. Derived forms. defrayable (deˈfrayable)
How do you use defray in a sentence?
Defray in a Sentence 🔉
- Because I have a coupon that will defray fifty percent of my restaurant bill, I have enough money to see a movie after dinner.
- We are being asked to donate twenty dollars to help the festival organizer defray the cost of managing the event.
How do you use incurring?
- incur something if you incur something unpleasant, you are in a situation in which you have to deal with it. She had incurred the wrath of her father by marrying without his consent.
- incur something if you incur costs, you have to pay them. You risk incurring bank charges if you exceed your overdraft limit.
Who will bear the cost Meaning?
Bear the cost (or expense) means “to pay for something.” The company considered hiring additional staff, but it couldn’t bear the cost.
What is the synonym of defray?
Defray synonyms In this page you can discover 7 synonyms, antonyms, idiomatic expressions, and related words for defray, like: defray-expenses, pay, settle, general expenses, meet, clear and defrayment.
What is Defrayal evidence?
Defrayal or “Defrayed” means when a Project cost can be evidenced as being paid, with evidence being that the value concerned has been paid from the Grant Recipient’s bank account or that it has been received by the payee (e.g. receipts for cash payments).
What does play the second fiddle mean?
Definition of second fiddle : one that plays a supporting or subservient role.
How do you use the word lucid in a sentence?
Lucid sentence example
- It was a lucid dream; half awake, half asleep.
- Lucid explanations have been most helpful to my understanding.
- The poet was reading lucid prose.
- The main points remained lucid , straightforward, and well worth listening to.
What is the difference between incur and occur?
As verbs the difference between occur and incur is that occur is to happen or take place while incur is to bring upon oneself or expose oneself to, especially something inconvenient, harmful, or onerous; to become liable or subject to.
What does it mean to have incurred?
incurred. DEFINITIONS2. to lose money, owe money, or have to pay money as a result of doing something. incur costs/expense/expenses: She may have to meet any costs incurred as a result of the delay.