incurs

The regulations state: "A team will have one point deducted from its points total for each penalty over it incurs."

“Vanderbilt Mortgage does not want anyone to buy a home they cannot afford — when a loan defaults, Vanderbilt incurs significant financial losses,” the company's statement said.

These payments are known as a service charge and the sum charged varies from year to year depending on the costs the landlord incurs.

Lending Tree’s definition of “debt” includes credit card debt, personal loans, borrowing against one’s home and debt that incurs interest.

“Catholic Charities incurs ongoing costs of hundreds of thousands of dollars a year to maintain and secure the building, which is vacant, deteriorated and unstable,” the court document read.