induct

What it means

1. To bring in as a member; to make a part of.

   Franklin was inducted into the Rock and Roll Hall of Fame in 1987, the first female inductee […]

2. To formally or ceremoniously install in an office, position, etc.

   It is my pleasure to induct the new Officers for this coming term.

   Synonyms: seat

3. To introduce into (particularly if certain knowledge or experience is required, such as ritual adulthood or cults).

   She was inducted into the ways of the legal profession.

   Synonyms: initiate

In a sentence

Franklin was inducted into the Rock and Roll Hall of Fame in 1987, the first female inductee […]

Where it comes from

1. Latininductus
2. Middle Englishinduct
3. Englishinduct

Originated 1350–1400 from Middle English induct, borrowed from Latin inductus, perfect passive participle of indūcō, equivalent to induce + -tus (past participle suffix).