Baccalaureate

n.	1.	The degree of bachelor of arts (B.A. or A.B.), the first or lowest academical degree conferred by universities and colleges.
	2.	A baccalaureate sermon.
a.	1.	Pertaining to a bachelor of arts. Baccalaureate sermon in some American colleges, a sermon delivered as a farewell discourse to a graduating class.

Noun	1.	baccalaureate - a farewell sermon to a graduating class at their commencement ceremonies
	2.	baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies Synonyms: bachelor's degree

commencement, commencement ceremony, commencement exercise, discourse, graduation, graduation exercise, preaching, sermon