What does "conferment" mean?

The act of conferring; a presentation or bestowal.

Conferment

Common synonyms include: bestowal, conferral, accommodation, accordance, alienation, amortization.

noun

noun ·Uncommon ·College level

Noun

1
The act of conferring; a presentation or bestowal. countable, uncountable
"a ceremony for the conferment of academic degrees"
2
the act of conferring an honor or presenting a gift wordnet

"a ceremony for the conferment of academic degrees"

From confer + -ment.