Meaning

verb place ceremoniously or formally in an office or position

verb accept people into an exclusive society or group, usually with some rite

verb admit as a member

originOriginated 1350–1400 from Middle English induct, borrowed from Latin inductus, perfect passive participle of indūcō, equivalent to induce + -tus (past participle suffix).

Etymology from Wiktionary, CC BY-SA 3.0