- incentive in‧cen‧tive [ɪnˈsentɪv] noun [countable]something which is used to encourage people to do something, especially to make them work harder, produce more or spend more money:
• tax incentives for first-time home buyers
• The company proposed a package of incentive-based pay raises.ˈsales inˌcentiveMARKETING money or another reward that is offered to a salesperson if they sell a large number of a product:
• Businesses sometimes offer weekend breaks in luxury hotels as sales incentives.ˈtax inˌcentive TAXan offer to pay less tax, given to people who do something that the government is trying to encourage:
• The Government offers a generous range of tax incentives to help people save for old age through private schemes.
* * *incentive UK US /ɪnˈsentɪv/ noun [C or U]► 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.»
create/offer/provide an incentive
Financial and business terms. 2012.