invest vs induct

invest and induct both are verbs.

Word	Noun	Adjective	Verb	Adverb
invest	No	No	Yes	No
induct	No	No	Yes	No

As verbs, invest and induct are synonyms defined as:

invest and induct: place ceremoniously or formally in an office or position

Other synonyms of invest include seat.

invest (verb)	induct (verb)
make an investment	introduce or initiate
provide with power and authority	produce electric current by electrostatic or magnetic processes
place ceremoniously or formally in an office or position	place ceremoniously or formally in an office or position
furnish with power or authority; of kings or emperors	accept people into an exclusive society or group, usually with some rite
give qualities or abilities to	admit as a member