Panegyric
/ˌpænəˈdʒɪrɪk/
Definition 1 of 1
Pro Tip 1/3Public Speaking
Often used regarding formal speeches that praise someone, usually at public events. 
The mayor's panegyric for the retiring officer drew applause.
Pro Tip 2/3Highly Positive
Always conveys strong admiration or approval; not used for mild praise. 
His mentor's retirement prompted a heartfelt panegyric from him.
Pro Tip 3/3Literary Style
Often encountered in written text, especially those with a formal or elevated tone. 
In her novel, the author wrote a panegyric to the unsung heroes of her town.