Source : Webster's Revised Unabridged Dictionary (1913)

Placement \Place"ment\, n. [Cf. F. placement.]
   1. The act of placing, or the state of being placed.

   2. Position; place.

Source : WordNet®

placement
     n 1: the spatial property of the way in which something is
          placed; "the arrangement of the furniture"; "the
          placement of the chairs" [syn: {arrangement}]
     2: contact established between applicants and prospective
        employees; "the agency provided placement services"
     3: the act of putting something in a certain place or location
        [syn: {location}, {locating}, {position}, {positioning}, {emplacement}]