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Word: baccalaureate
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Meaning:
Noun:
- A high school completion exam and qualification awarded in many countries (e.g. Finland, France, Moldova, Romania), designed to enable students to go on to higher education.
- The first or lowest academical degree conferred by universities and colleges; a bachelor degree.
- US A farewell address in the form of a sermon delivered to a graduating class.
Source: Wiktionary
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