vale-diction

valediction

[val-i-dik-shuhn]
noun
1.
an act of bidding farewell or taking leave.
2.
an utterance, oration, or the like, given in bidding farewell or taking leave; valedictory.

Origin:
1605–15; < Latin valedictiōn- (stem of valedictiō), equivalent to valedict(us), past participle of valedīcere (vale farewell + dictus, past participle of dīcere to say) + -iōn- -ion

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World English Dictionary
valediction (ˌvælɪˈdɪkʃən)
 
n
1.  the act or an instance of saying goodbye
2.  any valedictory statement, speech, etc
 
[C17: from Latin valedīcere, from valē farewell + dīcere to say]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Word Origin & History

valediction
1610s, from pp. stem of L. valedicere "bid farewell," from vale, imperative of valere "be well" (see valiant) + dicere "to say" (see diction). Related: Valedictory.
Online Etymology Dictionary, © 2010 Douglas Harper
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