The Collaborative International Dictionary of English v.0.48:

Elogium \E*lo"gi*um\ ([-e]*l[=o]"j[i^]*[u^]m), Elogy \El"o*gy\
   ([e^]l"[-o]*j[y^]), n. [L. elogium a short saying, an
   inscription, fr. Gr. lo`gos speech, fr. le`gein to speak. Cf.
   ['E]loge.]
   The praise bestowed on a person or thing; panegyric; eulogy.
   [1913 Webster]