Source : Webster's Revised Unabridged Dictionary (1913)

Panegyric \Pan`e*gyr"ic\, n. [L. panegyricus, Gr. panhgyrico`s:
   cf. F. pan['e]gyrique. See {Panegyric}, a.]
   An oration or eulogy in praise of some person or achievement;
   a formal or elaborate encomium; a laudatory discourse;
   laudation. See Synonym of {Eulogy}.

Panegyric \Pan`e*gyr"ic\, Panegyrical \Pan`e*gyr"ic*al\, a. [L.
   panegyricus, Gr. panhgyrico`s, from ? an assembly of the
   people, a high festival; pa^, pa^n all + ?, an assembly.]
   Containing praise or eulogy; encomiastic; laudatory.
   ``Panegyric strains.'' --Pope. -- {Pan`e*gyr"ic*al*ly}, adv.

         Some of his odes are panegyrical.        --Dryden.

Source : WordNet®

panegyric
     adj : formally  expressing praise [syn: {encomiastic}, {eulogistic},
            {panegyrical}]

panegyric
     n : a formal expression of praise [syn: {encomium}, {eulogy}, {paean},
          {pean}]