baccalaureate vs graduation

baccalaureate and graduation both are nouns.

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

baccalaureate (noun)	graduation (noun)
an academic degree conferred on someone who has successfully completed undergraduate studies	the act of arranging in grades
a farewell sermon to a graduating class at their commencement ceremonies	the successful completion of a program of study
	a line (as on a vessel or ruler) that marks a measurement
	an academic exercise in which diplomas are conferred