Investiture
WordNet
noun
(1) The ceremonial act of clothing someone in the insignia of an office; the formal promotion of a person to an office or rank
(2) The ceremony of installing a new monarch
WiktionaryText
Noun
- The act of investing, as with possession or power; formal bestowal or presentation of a possessory or prescriptive right.
- That which invests or clothes; covering; vestment.