Undergraduate degree
An undergraduate degree (also called first degree, bachelor's degree or simply degree) is a colloquial term for an academic degree taken by a person who has completed undergraduate courses. It is also an oxymoron, since one cannot hold a degree as an undergraduate. In the United States, it is usually offered at an institution of higher education, such as a college or university. The most common type of these undergraduate degrees are associate's degree and bachelor's degree. Bachelor's degree typically takes at least three or four years to complete. These degrees can be categorised as basic degrees.
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.