Diploma
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A diploma (from Greek diploma) is a certificate or deed issued by an educational institution, such as a university, that testifies that the recipient has successfully completed a particular course of study, or confers an academic degree.
In some countries, such as the United Kingdom and Australia, such a document is called a testamur or testimonium, whilst in Ireland it is generally called a parchment.
As an academic award
In some countries, such as Australia, a diploma is a specific academic award of lower rank than an bachelor degree (and in some areas an Advanced Diploma falls in between as well). In Ireland a National Diploma is below the standard of the honours bachelor degree, whilst the Higher Diploma is taken after the bachelor degree.
In Germany the diploma (in German Diplom) is the standard academic degree, comparable with the Master's degree. In Hong Kong, higher diploma and associate degree are below the standard of the honours bachelor degree. Certificate (not to be confused with postgraduate certificate) and diploma are below the standard of higher diploma and associate degree. Postgraduate Certificates and Postgraduate Diplomas are taken after the bachelor degree, and are more vocational oriented than a master's degree.