Preferment
Pronunciation : Pre*fer"ment
Part of Speech : n.
Definition : 1. The act of choosing, or the state of being chosen; preference. [R.] Natural preferment of the one . . . before the other. Sir T. Browne.
2. The act of preferring, or advancing in dignity or office; the state of being advanced; promotion. Neither royal blandishments nor promises of valuable preferment had been spared. Macaulay.
3. A position or office of honor or profit; as, the preferments of the church.
Source : Webster's Unabridged Dictionary, 1913