Word of the Day – Incentive

Incentive is the Word of the Day for 22nd August 2020.

Here we discuss what is the meaning of incentive and define related words such as incentivize too.

When you have an incentive, you tend to have a stimulus or encouragement to perform a particular task or action. This can be either something personal to you, such as an incentive to play football in order to be chosen for the team, or an incentive that is created through a monetary measure (or reward), such as a reduced cost for paying an invoice in full before a specified date.

What is the Meaning of Incentive?

The Cambridge Dictionary definition of incentive is ‘something that encourages you to act in a particular way‘.

The word incentive is a noun.

You can read more about nouns in general here.

Example sentences that include the word incentive are:

• The child received an incentive to complete his homework when his mother promised him a trip to the park when he did so.
• An incentive as a bonus payment is often given to salespeople.
• The company gives its customers an incentive to pay within 14 days by decreasing the price by 10% when they do.
• The incentive to where proper running shies is that your times for running a marathon may improve.

What is the Definition of Incentivize?

Incentivize is linked to incentive.

Incentivize is a verb. A verb is a doing word. Incentivize explains the actions (doing) that create the incentive.

The Cambridge Dictionary definition of incentivize is ‘to make someone want to do something‘.

Note that the UK spelling of the word ‘incentivise’ uses an ‘s‘, while the US spelling includes a ‘z‘ (incentivize).

Thank you for reading this post that defines the meaning of the word incentive. We hope that you have found it useful.

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