From WordNet (r) 3.0 (2006) [wn]:
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: placement, arrangement]
2: contact established between applicants and prospective
employees; "the agency provided placement services"
3: the act of putting something in a certain place [syn:
placement, location, locating, position,
positioning, emplacement]
From The Collaborative International Dictionary of English v.0.48 [gcide]:
Placement \Place"ment\, n. [Cf. F. placement.]
1. The act of placing, or the state of being placed.
[1913 Webster]
2. Position; place.
[1913 Webster]