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Dictionary Meaning and Definition on 'Incentive'

Incentive Meaning and Definition from WordNet (r) 2.0
    incentive n
  1. a positive motivational influence [syn: inducement, motivator] [ant: disincentive]
  2. an additional payment (or other remuneration) to employees as a means of increasing output [syn: bonus]
Incentive Meaning and Definition from Webster's Revised Unabridged Dictionary (1913)
    Incentive \In*cen"tive\, a. [L. incentivus, from incinere to strike up or set the tune; pref. in- + canere to sing. See Enchant, Chant.]
  1. Inciting; encouraging or moving; rousing to action; stimulative. Competency is the most incentive to industry. --Dr. H. More.
  2. Serving to kindle or set on fire. [R.] Part incentive reed Provide, pernicious with one touch of fire. --Milton.
Incentive Meaning and Definition from Webster's Revised Unabridged Dictionary (1913)
    Incentive \In*cen"tive\, n. [L. incentivum.] That which moves or influences the mind, or operates on the passions; that which incites, or has a tendency to incite, to determination or action; that which prompts to good or ill; motive; spur; as, the love of money, and the desire of promotion, are two powerful incentives to action. The greatest obstacles, the greatest terrors that come in their way, are so far from making them quit the work they had begun, that they rather prove incentives to them to go on in it. --South. Syn: Motive; spur; stimulus; incitement; encouragement; inducement; influence.
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Wikipedia Meaning and Definition on 'Incentive'

In economics and sociology, an incentive is any factor (financial or non-financial) that enables or motivates a particular course of action, or counts as a reason for preferring one choice to the alternatives. It is an expectation that encourages people to behave in a certain way.

Incentives can be classified according to the different ways in which they motivate agents to take a particular course of action. One common and useful taxonomy divides incentives into three broad classes:

(There is another common usage in which incentive is contrasted with coercion, as when economic moralists contrast incentive-driven work—such as entrepreneurship, employment, or volunteering motivated by remunerative, moral, or personal incentives—with coerced work—such as slavery or serfdom, where work is motivated by the threat or use of violence. In this usage, the category of "coercive incentives" is excluded. For the purposes of this article, however, "incentive" is used in the broader sense defined above.)

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'Incentive' in famous quotation sentence

* Weary the path that does not challenge. Doubt is an incentive to truth and patient inquiry leadeth the way. - Hosea Ballou

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Incentive Sample Sentences in News

  • Sampo to launch a new long-term incentive scheme
    SAMPO PLC       STOCK EXCHANGE RELEASE     17 September 2014 at 5.50 pm Sampo to launch a new long-term incentive scheme Long-term financial stability and value creation guide the remuneration design in ... Read more on this news related to 'Incentive'
  • IRF Announces 10 Guidelines for Successful Gamification Efforts
    The Incentive Research Foundation has announced the recent publication of a white paper on Gamification Done Right - The Do's and Don'ts. The paper offers 10 crucial tips on how organizations can design ... Read more on this news related to 'Incentive'
  • The Fraser Institute: Evidence Shows Teacher Incentive Pay Improves Student Performance
    Incentive pay for teachers improves student performance, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. Read more on this news related to 'Incentive'

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