1530s, "examine by comparison;" 1540s (intransitive) "consult together on some special subject;" 1560s, "bestow as a gift or permanent possession," from Old French conférer (14c.) "to give; to converse; to compare," from Latin conferre "to bring together," figuratively "to compare; consult, deliberate, talk over," from assimilated form of com "together" (see con-) + ferre "to bear, carry," from PIE root *bher- (1) "to carry," also "to bear children."
The sense of "taking counsel" led to conference. The oldest English meaning, that of "compare" (common 1530-c. 1650), is largely obsolete, but the abbreviation cf. still is used in this sense. Related: Conferred; conferring.
common suffix of Latin origin forming nouns, originally from French and representing Latin -mentum, which was added to verb stems to make nouns indicating the result or product of the action of the verb or the means or instrument of the action. In Vulgar Latin and Old French it came to be used as a formative in nouns of action. French inserts an -e- between the verbal root and the suffix (as in commenc-e-ment from commenc-er; with verbs in ir, -i- is inserted instead (as in sent-i-ment from sentir).
Used with English verb stems from 16c. (for example amazement, betterment, merriment, the last of which also illustrates the habit of turning -y to -i- before this suffix).
The stems to which -ment is normally appended are those of verbs; freaks like oddment & funniment should not be made a precedent of; they are themselves due to misconception of merriment, which is not from the adjective, but from an obsolete verb merry to rejoice. [Fowler]
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Definitions of conferment from WordNet
the act of conferring an honor or presenting a gift;