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magna cum laude

designating a diploma or degree of higher standard than average, by 1856, Latin, literally "with great praise;" from magna (see magnate) + cum laude.

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Definitions of magna cum laude from WordNet
1
magna cum laude (adv.)
with high honor;
he graduated magna cum laude
2
magna cum laude (adj.)
with high honor; with high academic distinction;
a magna cum laude graduate
From wordnet.princeton.edu