Meaning of the word incurring in English

What does incurring mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

incurring

US /ɪnˈkɜːrɪŋ/
UK /ɪnˈkɜːrɪŋ/

Verb

to suffer or experience (something unwelcome or unpleasant) as a result of one's own behavior or actions

Example:
The company is incurring heavy losses due to the economic downturn.
By delaying the project, we are incurring additional costs.