induct (Verb) — Place ceremoniously or formally in an office or position. ex. "there was a ceremony to induct the president of the Academy"
induct (Verb) — Accept people into an exclusive society or group, usually with some rite. ex. "African men are inducted when they reach puberty"
induct (Verb) — Admit as a member. ex. "We were inducted into the honour society"
induct (Verb) — (physics) produce electric current by electrostatic or magnetic processes.
induct (Verb) — Introduce or initiate. ex. "The young geisha was inducted into the ways of her profession"