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English definition of “incentive”


noun [C or U]     /ɪnˈsentɪv/
something, especially money , that encourages a person or organization to do something: financial/fiscal/monetary incentive Cash grants were part of the financial incentives given to developers of new solar power technology . a big / great / generous incentive incentive to do sth Executives had a strong incentive to destroy papers they knew would incriminate them in court .be/have little/no incentive There will be little incentive to consolidate before new tax laws take effect . incentive for sb to do sth There's no incentive for the unions to make concessions now, since they've always been given what they asked for. incentive package / plan / system create / offer / provide an incentive → See also disincentive, economic incentive, group incentive, sales incentive, share incentive plan, tax incentive
(Definition of incentive noun from the Cambridge Business English Dictionary © Cambridge University Press)
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