verb (v)

• place ceremoniously or formally in an office or position(verb.social)

  Example:
  There was a ceremony to induct the president of the Academy.
  

  Synonym:
  invest, seat
  

  source: wordnet30
• accept people into an exclusive society or group, usually with some rite(verb.social)

  Synonym:
  initiate
  

  source: wordnet30
• admit as a member(verb.social)

  Example:
  We were inducted into the honor society.
  

  source: wordnet30
• produce electric current by electrostatic or magnetic processes(verb.creation)

  Synonym:
  induce
  

  source: wordnet30
• introduce or initiate(verb.communication)

  Example:
  The young geisha was inducted into the ways of her profession.
  

  source: wordnet30
• To bring in; to introduce; to usher in.(verb)

  source: webster1913