Meaning of the word inducement in English

What does inducement mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

inducement

US /ɪnˈduːs.mənt/
UK /ɪnˈdʒuːs.mənt/
"inducement" picture

Noun

a thing that persuades or influences someone to do something

Example:
The company offered a generous bonus as an inducement for employees to work overtime.
The low interest rates served as an inducement for many people to buy homes.
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