in·au·gu·ra·tion

[in-aw-gyuh-rey-shuhn, -guh-]
noun
an act or ceremony of inaugurating.

Origin:
1560–70; < Late Latin inaugurātiōn- (stem of inaugurātiō). See inaugurate, -ion.

re·in·au·gu·ra·tion, noun

inaugural, inauguration.
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World English Dictionary
inaugurate (ɪnˈɔːɡjʊˌreɪt) [Click for IPA pronunciation guide]
 
vb
1.  to commence officially or formally; initiate
2.  to place in office formally and ceremonially; induct
3.  to open ceremonially; dedicate formally: to inaugurate a factory
 
[C17: from Latin inaugurāre, literally: to take omens, practise augury, hence to install in office after taking auguries; see in-², augur]
 
inaugu'ration
 
n
 
in'augurator
 
n
 
inauguratory
 
adj

Collins English Dictionary - Complete & Unabridged 10th Edition
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00:10
Inauguration is always a great word to know.
So is ninnyhammer. Does it mean:
a fool or simpleton; ninny.
a printed punctuation mark (‽), available only in some typefaces, designed to combine the question mark (?) and the exclamation point (!), indicating a mixture of query and interjection, as after a rhetorical question.
Etymonline
Word Origin & History

inauguration
1569, from Fr. inauguration "installation, consecration," from L. inaugurationem (nom. inauguratio) "consecration, installment under good omens," from inaugurare "take omens from the flight of birds, consecrate or install when such omens are favorable," from in- "on, in" + augurare "to act as an augur,
predict" (see augur).
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
The fourth inauguration was conducted without fanfare.
Soon after his inauguration the new president embarked on a world tour.
But the nation soon learned that the cessation of active war did not
  necessarily mean the inauguration of peace.
Between election and inauguration an ominous disillusion set in.
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