baccalaureate
noun
bac·ca·lau·re·ate
ˌba-kə-ˈlȯr-ē-ət
-ˈlär-
1
: the degree of bachelor conferred by universities and colleges
2
a
: a sermon to a graduating class
b
: the service at which this sermon is delivered
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Merriam-Webster unabridged
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