allocution

[al-uh-kyoo-shuhn]
noun
1.
a formal speech, especially one of an incontrovertible or hortatory nature.
2.
a pronouncement delivered by the pope to a secret consistory, especially on a matter of policy or of general importance.

Origin:
1605–15; < Latin allocūtiōn- (stem of allocūtiō), equivalent to allocūt(us), past participle of alloquī to speak to, address (al- al- + locū- speak + -tus past participle suffix) + -iōn- -ion

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World English Dictionary
allocution (ˌæləˈkjuːʃən)
 
n
rhetoric a formal or authoritative speech or address, esp one that advises, informs, or exhorts
 
[C17: from Late Latin allocūtiō, from Latin alloquī to address, from loquī to speak]

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Example sentences
Allocution is the right to present a statement in mitigation of sentencing.
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