baccalaureate vs commencement

baccalaureate and commencement both are nouns.

Word	Noun	Adjective	Verb	Adverb
baccalaureate	Yes	No	No	No
commencement	Yes	No	No	No

baccalaureate (noun)	commencement (noun)
an academic degree conferred on someone who has successfully completed undergraduate studies	the act of starting something
a farewell sermon to a graduating class at their commencement ceremonies	an academic exercise in which diplomas are conferred
	the time at which something is supposed to begin