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What is a conferral?

What is a conferral? Here are some definitions.

Noun
  1. The act of conferring something; conferment
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A delegation of authority is a specific act of conferral of a defined range of authority to act, with conditions attached to it.
Grounds to warrant conferral of privileges on persons serving on constituted bodies have not been identified to date.
One of the most important issues to come out of the Convention discussions has been the reiteration of the doctrine of conferral.
In 1999 and 2000, however, High Court decisions cast doubt on the validity of aspects of the scheme including the conferral of state jurisdiction on the federal court and state power on federal officials.
So I completed my PhD, but I had no money to attend the conferral ceremony.
Does the function involve the conferral of a benefit?

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