Meaning of the word incentivise in English

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

incentivise

US /ɪnˈsɛn.tɪ.vaɪz/
UK /ɪnˈsɛn.tɪ.vaɪz/

Verb

to motivate or encourage someone to do something by offering a reward or incentive

Example:
The company decided to incentivise its sales team with bonuses for exceeding targets.
Governments often incentivise businesses to adopt environmentally friendly practices through tax breaks.