The act of praising excessively or the result of being praised lavishly.
From 'bepraise' plus the suffix '-ment' indicating a state or result. A noun form describing excessive praise or commendation.
This word is basically obsolete now, but it represents how English used to love piling on suffixes—'bepraise' + 'ment' = the whole phenomenon of excessive praise as a distinct thing worthy of its own noun.
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