investiture

 
Pronunciation: /ɪnˈvɛstɪtjə, -tʃə/

noun

[mass noun]
  • the action of formally investing a person with honours or rank: the investiture of bishops
  • [count noun] a ceremony at which honours or rank are formally conferred on a particular person.

Origin:

late Middle English: from medieval Latin investitura, from investire (see invest)