Incentive

{
  "id": "MLC-T-LAW-002555",
  "term": "Incentive",
  "field": "Law",
  "definition": "A factor that motivates or encourages an individual or entity to take a particular action or behave in a certain way. In law, incentives can be structured through statutes, regulations, or contracts to promote desired conduct or deter undesirable actions. Tax credits for renewable energy are an example of a legal incentive.",
  "url": "https://mlchart.com/terminology/law/incentive/"
}