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Doctor of Philosophy
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A PhD is a globally recognized postgraduate academic degree awarded by universities and higher education institutions to a candidate who has submitted a thesis or dissertation, based on extensive and original research in their chosen field. Take another look at that last sentence, because it might possibly be the only thing that can be said about a PhD that remains true regardless of country, institution and academic field.
PhD stands for Doctor of Philosophy. or doctor philosophiae
PhD stands for Doctor of Philosophy. It is the highest degree awarded by universities.

hope it helps :) 
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