"conferring" in the verb sense
1. confer, confabulate, confab, consult
have a conference in order to talk something over
"We conferred about a plan of action"
2. confer, bestow
present
"The university conferred a degree on its most famous former student, who never graduated"
"bestow an honor on someone"
Source: WordNet® (An amazing lexical database of English)
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