incurred
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 281 U.S. 115 - Lucas v. Ox Fibre Brush Co. · 1930Most cited · 476 citing opinions
tax deduction
The expenses represented by these payments were incurred in that year, for it is undisputed that there was no prior agreement or legal obligation to pay the additional compensation. ... the expense could not be attributed to earlier years, for it was neither paid nor incurred in those years. There was no earlier accrual of liability.
How often courts cite the cases defining “incurred”
Court decisions citing the 2 opinions that defined “incurred” — 482 in all, by decade. Counts are citations to the defining cases as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.
All 2 definitions, chronological · 1930–1933
The word 'incurred' was used to mean interest accrued on that date, as well as interest paid.