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From The Collaborative International Dictionary of English v.0.48:
Graduation \Grad"u*a"tion\, n. [LL. graduatio promotion to a degree: cf. F. graduation division into degrees.] [1913 Webster] 1. The act of graduating, or the state of being graduated; as, graduation of a scale; graduation at a college; graduation in color; graduation by evaporation; the graduation of a bird's tail, etc. [1913 Webster] 2. The marks on an instrument or vessel to indicate degrees or quantity; a scale. [1913 Webster] 3. The exposure of a liquid in large surfaces to the air, so as to hasten its evaporation. [1913 Webster]