inducement

[ɪnˈdjuːsmənt]

inducement Definition

• 1. something that persuades or influences someone to do something
• 2. a payment or concession offered to someone as a motive for doing something

Using inducement: Examples

Take a moment to familiarize yourself with how "inducement" can be used in various situations through the following examples!

• Example

  The company offered a financial inducement to encourage staff to relocate.

• Example

  The promise of a bonus was an inducement to work harder.

• Example

  The low-interest rate is an inducement to borrow money.

inducement Synonyms and Antonyms

Synonyms for inducement

• incentive
• motivation
• stimulus
• encouragement
• persuasion

Antonyms for inducement

• deterrent
• discouragement

Phrases with inducement

• inducement package

  a set of incentives or benefits offered to someone to persuade them to do something

  Example

  The government has introduced an inducement package to attract foreign investors.

• inducement payment

  a sum of money offered to someone to persuade them to do something

  Example

  The company made an inducement payment to secure the contract.

• inducement grant

  a sum of money given to someone to encourage them to do something

  Example

  The council awarded an inducement grant to the local business.

Origins of inducement

from Latin 'inducere', meaning 'to lead in'

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Summary: inducement in Brief

The term 'inducement' [ɪnˈdjuːsmənt] refers to something that persuades or influences someone to do something, often in the form of a payment or concession. It can be used in phrases like 'inducement package,' which offers incentives or benefits, and 'inducement payment,' which is a sum of money offered to persuade someone. 'Inducement' is a formal term that can also be synonymous with 'incentive' or 'persuasion.'