conferral vs conferment

conferral and conferment both are nouns.

Word	Noun	Adjective	Verb	Adverb
conferral	Yes	No	No	No
conferment	Yes	No	No	No

As nouns, conferral and conferment are synonyms defined as:

conferral and conferment: the act of conferring an honor or presenting a gift

Other synonyms of conferral include bestowal, bestowment.

conferral (noun)	conferment (noun)
the act of conferring an honor or presenting a gift	the act of conferring an honor or presenting a gift