Commencement, for one, is a RITE of passage that marks the end of a period of study and the beginning of a new stage in life. It is usually celebrated with a ceremony, such as a graduation, where students receive their diplomas or degrees. The term 'COMMENCEMENT' is derived from the Latin word 'commenciare, ' which means 'to begin.' It is a time of celebration and reflection, and is often accompanied by speeches, music, and other festivities.