The noun, baccalaureate, means the same thing as a bachelor's degree from college. It can also refer to a "baccalaureate service," which is a like a farewell ceremony for graduating seniors from high school or college.
You can “receive a baccalaureate” or you can “attend a baccalaureate.” If you receive a baccalaureate that means you have received a bachelor's degree for undergraduate studies in college. When you attend a baccalaureate, that means you are attending a ceremony celebrating graduating seniors. Traditionally, a baccalaureate was a religious service held the Sunday before graduation, but in modern times it doesn’t necessarily have a religious meaning.
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an academic degree conferred on someone who has successfully completed undergraduate studies
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a farewell sermon to a graduating class at their commencement ceremonies
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