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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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Examples
Does the function involve the conferral of a benefit?
So I completed my PhD, but I had no money to attend the conferral ceremony.
A telephone conferral with the etiquette consultant Letitia Baldrige resolved the issue: she suggested that hungry heads of state have been slaughtering lamb for centuries, and the Host Committee agreed.
Grounds to warrant conferral of privileges on persons serving on constituted bodies have not been identified to date.
A delegation of authority is a specific act of conferral of a defined range of authority to act, with conditions attached to it.
The limits of Union competences are governed by the principle of conferral.

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