Longman Dictionary of Contemporary English homepage

Date: 1600-1700
Language: Latin
Origin: valedictus, past participle of valedicere 'to say goodbye', from vale 'goodbye' + dicere 'to say'

valedictory

 noun
     
val‧e‧dic‧to‧ry plural valedictories [countable] formal
a speech or statement in which you say goodbye when you are leaving a school, job etc, especially on a formal occasion
—valedictory adjective:
a valedictory speech
Definition from the Longman Dictionary of Contemporary English
Advanced Learner's Dictionary.
 
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