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induct (v.)

late 14c., "introduce, initiate, especially into office or employment," from Latin inductus, past participle of inducere "to lead into, introduce" (see induce). Originally of church offices; sense of "draft into military service" is 1917 in American English. Related: Inducted; inducting.

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Definitions of induct from WordNet

induct (v.)
place ceremoniously or formally in an office or position;
there was a ceremony to induct the president of the Academy
Synonyms: invest / seat
induct (v.)
accept people into an exclusive society or group, usually with some rite;
Synonyms: initiate
induct (v.)
admit as a member;
We were inducted into the honor society
induct (v.)
produce electric current by electrostatic or magnetic processes;
Synonyms: induce
induct (v.)
introduce or initiate;
The young geisha was inducted into the ways of her profession
From wordnet.princeton.edu