An inauguration is a ceremony of formal investiture whereby an individual assumes an office or position of authority or power. The term is usually used in reference to a politician's assumption of the duties of head of state or head of government (for example the President's inauguration). An "inaugural address" is the presidential speech given at this ceremony. Political inaugurations often have ceremonies, in which the politician publicly takes his or her oath of office in front of a large cro… (More on Inauguration)