Preferment

1. n. A position or office of honor or profit; as, the preferments of the church.
2. n. The act of choosing, or the state of being chosen; preference.
3. n. The act of preferring, or advancing in dignity or office; the state of being advanced; promotion.

The word meanings were obtained from OPTED(The Online Plain Text English Dictionary), which is based on “The Project Gutenberg Etext of Webster’s Unabridged Dictionary” which is in turn based on the 1913 US Webster’s Unabridged Dictionary (See Project Gutenburg), as a text file.