Noah Webster's New International Dictionary of the English Language

1. (n.) An elaborate discourse, delivered in public, treating an important subject in a formal and dignified manner; especially, a discourse having reference to some special occasion, as a funeral, an anniversary, a celebration, or the like; -- distinguished from an argument in court, a popular harangue, a sermon, a lecture, etc.; as, Webster's oration at Bunker Hill.

2. (v. i.) To deliver an oration.