From The Collaborative International Dictionary of English v.0.48 :
Embracement \Em*brace"ment\, n. [Cf. F. embrassement.]
1. A clasp in the arms; embrace.
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Dear though chaste embracements. --Sir P.
Sidney.
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2. State of being contained; inclosure. [Obs.]
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In the embracement of the parts hardly reparable, as
bones. --Bacon.
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3. Willing acceptance. [Obs.]
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A ready embracement of . . . his kindness. --Barrow.
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From WordNet (r) 3.0 (2006) :
embracement
n 1: the act of clasping another person in the arms (as in
greeting or affection) [syn: embrace, embracing,
embracement]