The Collaborative International Dictionary of English v.0.48:

Inaugurate \In*au"gu*rate\, v. t. [imp. & p. p. Inaugurated;
   p. pr. & vb. n. Inaugurating.]
   [1913 Webster]
   1. To introduce or induct into an office with suitable
      ceremonies or solemnities; to invest with power or
      authority in a formal manner; to install; as, to
      inaugurate a president; to inaugurate a king. --Milton.
      [1913 Webster]

   2. To cause to begin, esp. with formality or solemn ceremony;
      hence, to set in motion, action, or progress; to initiate;
      -- used especially of something of dignity or worth or
      public concern; as, to inaugurate a new era of things, new
      methods, etc.
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            As if kings did choose remarkable days to inaugurate
            their favors.                         --Sir H.
                                                  Wotton.
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   3. To celebrate the completion of, or the first public use
      of; to dedicate, as a statue. [Colloq.]
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   4. To begin with good omens. [Obs.] --Sir H. Wotton.
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