valedictory

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val|edic|tory /v'ælɪd'ɪktəri/ (valedictories)
1 [ADJ] usu ADJ n
A valedictory speech, letter, or performance is one that is intended as a way of saying goodbye when someone leaves another person, a place, or a job. (FORMAL)
...Mr Walker, making his valedictory address after two years as chairman.
= farewell
2 [N-COUNT] oft N n
A valedictory is a speech that is given by the student with the highest marks in their class at their graduation ceremony. (AM)

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