what is inducement
inducementnoun [ C or U ] uk â /ÉªnËdjuËsmÉnt/ us â. âº an act or a thing that is intended to make something happen or to persuade someone to do something: inducement (for sb) to do sth They offered him a large pay increase as an inducement for him to stay. It is illegal for American companies to offer inducements when tendering for contracts abroad.