👉 The term "imbursed" is used in the context of accounting to describe a situation where an entity has incurred a debt or obligation that it is obligated to pay back. It can refer to both financial obligations and non-financial obligations, such as loans, bonds, investments, or leases. In accounting, an entity's liability for a debt or obligation is usually recorded in the balance sheet under "debt" or "liabilities." This indicates that the entity has incurred the debt or obligation and
