Spurious incentive payment that's good for North (5)

I believe the answer is:

bogus

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'spurious' is the definition.
(I've seen this in another clue)

I cannot understand how the rest of the clue works.

(Other definitions for bogus that I've seen before include "Not true" , "Mock" , "Spurious" , "Sham, false" , "false impression" .)

I've seen this clue in The Telegraph.

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