preferment

[pri-fur-muhnt]
noun
1.
the act of preferring.
2.
the state of being preferred.
3.
advancement or promotion, especially in the church.
4.
a position or office affording social or pecuniary advancement.

Origin:
1425–75; late Middle English; see prefer, -ment

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World English Dictionary
preferment (prɪˈfɜːmənt)
 
n
1.  the act of promoting or advancing to a higher position, office, etc
2.  the state of being preferred for promotion or social advancement
3.  the act of preferring

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Etymonline
Word Origin & History

preferment
mid-15c., from prefer + -ment.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
Ambitious to excel, he had learned that honor and preferment were attainable only by obedience.
He was beseeched for mercy, called a traitor to his party, offered political preferment.
Big figures with the dollar mark before them are the open sesame to social recognition and political preferment.
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