bac·ca·lau·re·ate 
(băk′ə-lôrē-ĭt)
(băk′ə-lôrē-ĭt)n.
1. See bachelor's degree.
2. A farewell address in the form of a sermon delivered to a graduating class.
[Medieval Latin baccalaureātus, from baccalārius, bachelor (influenced by laureātus, crowned with laurel); see BACHELOR.]