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A commencement speech or commencement address is a speech given to graduating students, generally at a university, generally in the United States, although the term is also used for secondary education institutions. The "commencement" is a ceremony in which degrees or diplomas are conferred upon graduating students. A commencement speech is typically given by a notable figure in the community, during the commencement exercise. The person giving such a speech is known as a commencement speaker. Very commonly, colleges or universities will invite politicians, important citizens, or other noted speakers to come and address the graduating class.
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A commencement speech is less bound by the structure found in other forms of public address, like eulogies or wedding speeches. The speaker accordingly enjoys a unique freedom to express him or herself. Executive speechwriter Anthony Trendl writes
A commencement speech, simply, is an opportunity to share your experience, values and advice. The precise form is up to you. This affords the speaker a platform to say amazing, unlimited things.