British undergraduate degree classification
In the United Kingdom, medicine is usually taught as an undergraduate course, with graduates being awarded a master's level qualification: normally the conjoined degrees of Bachelor of Medicine, Bachelor of Surgery (MBBS, BM BCh, MB ChB, etc.) although at Queen's University Belfast (and universities in Ireland) Bachelor in the Art of Obstetrics (BAO) is added, and at some universities only the Bachelor of Medicine is awarded - all of these have equal standing. Unlike most undergraduate degrees, the MBBS is not normally considered an honours degree, and thus is not classified into first class honours, etc. Students may be awarded "Merits" and "Distinctions" for parts of the course or the whole course (depending on the institution) and "Honours" may be awarded at some institutions for exceptional performance throughout the course (as a grade above Distinction).
Licentiate (degree)
The third cycle was sometimes called postgrado. Note, however, that the label "undergraduate" may be misleading to an anglophone audience, since while a Spanish "Diplomatura" may be likened to an undergraduate Bachelor's degree, a Spanish "Licenciatura" is comparable in scope to a postgraduate Master's degree, as the anglophone distinction between "undergraduate" and "postgraduate" degrees does not properly apply to the traditional higher-education system of Spain. Many Spanish "licenciados", when translating their CVs into English, use the formula BA+MA (or BSc+MSc) to indicate that a "Licenciatura" is equivalent to a master's degree. Depending on the degree and study plan, some Spanish universities require a small thesis or research project to be submitted in the last year before the student can finally claim his or her degree.