Webster's English Dictionary

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farewell

1. fare.well \fa(*)r-'wel, fe(*)r-\ vp : get along well - used 
   interjectionally to or by one departing 
2. farewell n 1: a wish of welfare at parting : GOOD-BYE  2a: an act of 
   departure : LEAVE-TAKING  2b: a formal occasion honoring a person about to 
   leave or retire 
3. fare.well \.fa(*)r-.wel, .fe(*)r-\ aj : PARTING, FINAL {a ~ concert}