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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

  • Infinity Incentive Group Reveals How to Avoid Top 3 Common Summer Travel Complaints
    LAKE HAVASU CITY, Ariz. -- via PRWEB - The Infinity Incentive Group complaints resolution group knows that sometimes, unfortunate things can happen to travelers while they are on vacation. Whether it is ... Read more on this news related to 'Incentive'
  • SDRL -Seadrill announces result of voluntary incentive offer to convert the US$650 million 3.375% 2017 convertible bond
    Hamilton, Bermuda, July 28, 2014 - Seadrill Limited ("Seadrill" or the "Company") is pleased to announce that holders of US$648.6 million of principal amount of Seadrill`s convertible ... Read more on this news related to 'Incentive'
  • Nasdaq CEO says maker-taker model has value, but fees too high
    Nasdaq OMX's chief urged U.S. regulators on Monday to re-examine the pricing model that stock exchanges use to attract trading, joining the debate about a fee-based incentive for traders that has come under scrutiny in recent months. Robert Greifeld called for a re-evaluation of the "maker-taker" model, in which exchanges pay rebates to traders who b Read more on this news related to 'Incentive'

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