bidding good-bye; saying farewell: a valedictory speech.
of or pertaining to an occasion of leave-taking: a valedictory ceremony.
noun, plural valedictories.
an address or oration delivered at the commencement exercises of a college or school on behalf of the graduating class.
any farewell address or oration.

1645–55; < Latin valedict(us) (see valediction) + -ory1 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
valedictory (ˌvælɪˈdɪktərɪ, -trɪ)
n , pl -ries
1.  a farewell address or speech
2.  (US), (Canadian) a farewell speech delivered at a graduation ceremony, usually by the most outstanding graduate

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
Jerry won't be working a graveyard shift, there's no one left to harangue, and the mood will be valedictory.
The game's valedictory message is built into its architecture: school is the safe ground.
The biography's valedictory pages are rather stunningly anticlimactic.
Suffering the nearly incapacitating pain of facial neuralgia, he began his valedictory in a low voice.
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