"graduates" in the noun sense
1. alumnus, alumna, alum, graduate, grad
a person who has received a degree from a school (high school or college or university)
2. graduate
a measuring instrument for measuring fluid volume a glass container (cup or cylinder or flask) whose sides are marked with or divided into amounts
"graduates" in the verb sense
1. graduate
receive an academic degree upon completion of one's studies
"She graduated in 1990"
2. graduate
confer an academic degree upon
"This school graduates 2,000 students each year"
3. calibrate, graduate, fine-tune
make fine adjustments or divide into marked intervals for optimal measuring
"calibrate an instrument"
"graduate a cylinder"
Source: WordNet® (An amazing lexical database of English)
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