A body of a men to whom any specific right or privilege is
   granted; formerly, the graduates in any of the four departments of a
   university or college (Philosophy, Law, Medicine, or Theology), to whom
   was granted the right of teaching (profitendi or docendi) in the
   department in which they had studied; at present, the members of a
   profession itself; as, the medical faculty; the legal faculty, ect.