What is an Inducement? What Types / Classes of Inducement Exist?

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What is an Inducement? What Types / Classes of Inducement Exist?
Rukayat Musa
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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.
 

         
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