An anniversary is the date on which an event that took place or an institution was founded in a previous year, and may also refer to the commemoration or celebration of that event. For example, the first event is the initial occurrence or, if planned, the inaugural of the event. One year later would be the first anniversary of that event. Most countries celebrate national anniversaries, typically called national days. These could be the date of independence of the nation or the adoption of a new constitution or form of government. The important dates in a sitting monarch’s reign may also be commemorated, an event often referred to as a “jubilee”.