Meaning of the word bounty in English

What does bounty mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

bounty

US /ˈbaʊn.t̬i/
UK /ˈbaʊn.t̬i/

Noun

2.

a sum paid to encourage trade.

Example:
bounties were paid to colonial producers of indigo dye
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