Simplify the following text for a Grade 12 native English-speaking person.
Original: An honorary degree or a degree honoris causa ( Latin : `` for the sake of the honor '' ) is an academic degree for which a university ( or other degree-awarding institution ) has waived the usual requirements , such as matriculation , residence , study and the passing of examinations .
Simplified: An honorary degree or a degree honoris causa ( Latin : for the sake of the honor ) is an academic degree given by a university to a person who particularly deserves such an honor .