Definition of Inducement
Jaap de Jonge, Management Consultant, Netherlands
An inducement is an advantage, benefit, or consideration that causes or motivates a party to perform some action, like entering into an agreement, performing more efficiently or effectively. It is a thing that persuades or influences someone to do something.
Synonyms of inducement are:
incentive, encouragement, attraction, temptation, stimulus, bait, lure.
For more information about types of inducements/incentives see this article on
Incentives.
