Com·mem·o·ra·tion n.
 1. The act of commemorating; an observance or celebration designed to honor the memory of some person or event.
    This sacrament was designed to be a standing commemoration of the death and passion of our Lord.   --Abp. Tillotson.
    The commonwealth which . . . chooses the most flagrant act of murderous regicide treason for a feast of eternal commemoration.   --Burke.
 2. Whatever serves the purpose of commemorating; a memorial.
 Commemoration day, at the University of Oxford, Eng., an annual observance or ceremony in honor of the benefactors of the University, at which time honorary degrees are conferred.

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