inauguratein·au·gu·rate /ɪˈnɔːgjəreɪt-ˈnɒː-/ verb [transitiveT]1to begin a new system, service, project etcThe airline inaugurated its first nonstop flight to Moscow last year.
a billion dollar aid package inaugurated at the economic summit in Paris
2to officially celebrate when a person takes up an important position such as that of president, by holding a special ceremonyHe is keeping quiet about his budget plans until after he is inaugurated on Jan 7.
—inauguration noun [countableC, uncountableU]the inauguration of a Hungarian stock exchange
the third anniversary of President Roh Tae Woo’s inauguration