baccalaureate vs commencement ceremony

baccalaureate and commencement ceremony both are nouns.

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

baccalaureate (noun)	commencement ceremony (noun)
an academic degree conferred on someone who has successfully completed undergraduate studies	an academic exercise in which diplomas are conferred
a farewell sermon to a graduating class at their commencement ceremonies