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• Incurred means the happenstance of a change in accounting practices thHow is Incurred Debt defined in a legal contract?
• Incurred Debt means the debt taken on by [organization] and subsequently distributed to the transferring entities at a closing, according to the terms of this agreement. This debt, in combination with all previously incurred debt, should not surpass the product of the total number of sites transferred to [organization] before or at the closing point, and a certain [number]. Seen in 2 SEC filings
• Incurred Debt means any money borrowed by [organization] following a particular date in a single transaction, or in a sequence of connected transactions, which have a total principal amount higher than a specific [number]. Seen in 1 SEC filing
• Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
• yourself to verify these results. We are always keen to point people to source documents.
• at subsequently results in a previous commitment of a person or entity becoming a debt, such debt will not be considered as a newly occurred one. Seen in 111 SEC filings
• Incurred means the point at which a covered expense is deemed to have taken place. In regards to a procedure or treatment that involves several phases, the expenses are incurred for the individual steps as services associated with each step are provided, not when the services related to the initial phase are delivered. Seen in 86 SEC filings
• Incurred means under the definition of ""Pro Forma Basis"". Seen in 64 SEC filings
• Incurred means a correlation to a change in generally accepted accounting principles that results in an existing coming to be a debt, such event will not be viewed as an occurrence of such debt. Seen in 37 SEC filings
• Incurred means an obligation resulting from change in Generally Accepted Accounting Principles (GAAP) that circumstances an existing commitment of an entity to become a debt, such debt will not be considered as an instance of that debt. Seen in 36 SEC filings
• Incurred means potentially having meanings similar to aforementioned. Although, any commitment or other obligations of a person existing when such person becomes a subsidiary would be deemed to be incurred by such subsidiary upon its formation, regardless of the method of becoming a subsidiary. Seen in 32 SEC filings
• Incurred means having a similar interpretation to incurrence. Any debt or share of capital stock of an entity existing before it becomes a subsidiary will be considered as having been incurred by the said subsidiary upon its formation. Accruing interest, the accumulation of value, paying interest in the form of extra debt, and dividends paid on stock constituting debt, arising in the form of additional shares of the same class of stock, will not be deemed an incurrence of debt. Seen in 32 SEC filings
• Incurr
• Genie Definition 1
• Incurred Debt means any debt taken on and distributed by [organization], not exceeding an agreed [number] and [currency].
• Relevant Contract Types
• Loan Agreement
• Mortgage Contract
• Debt Settlement Agreement
• Relevant Circumstances
• When an organization is borrowing funds
• As a condition in a loan agreement
• During business acquisition or merger involving transfer of debts
• Relevant Sectors
• Financial Services
• Real Estate
• Retail and Consumer Goods
• ed means the time sequence of a cost. Seen in 24 SEC filings

Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Incurred means when an obligation transforms into a debt or expense at the point of service delivery or change in accounting practices.

Relevant Contract Types

• Sales Agreement
• Professional Services Agreement
• Supply Agreement
• Consulting Agreement

Relevant Circumstances

• Formation of a subsidiary entity
• Changes to accounting standards
• Long-term service provision
• Significant business transactions and acquisitions

Relevant Sectors

• Financial Services
• Consulting
• Healthcare
• Information Technology

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Genie Definition 2

• Incurred Debt means money borrowed exceeding a specific [number] in one transaction or a series of connected transactions.

Relevant Contract Types

• Business Financing Agreement
• Credit Agreement
• Debt Consolidation Loan Agreement

Relevant Circumstances

• In corporate finance deals involving large sums of money
• In situations of debt consolidation
• When an organization needs to raise capital through borrowing

Relevant Sectors

• Banking
• Investment Management
• Private Equity

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