Etymology
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preferment (n.)

mid-15c., preferrement, "furtherance of an undertaking; advancement or promotion in status; a prior claim or right," from prefer + -ment. From 1530s as "a superior place or office," especially in the Church.

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Definitions of preferment

preferment (n.)
the act of preferring;
the preferment went to the younger candidate
preferment (n.)
the act of making accusations;
preferment of charges
From wordnet.princeton.edu