Celebrated day with school over (5)

I believe the answer is:

noted

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'celebrated' is the definition.
(synonyms)

I cannot understand how the rest of the clue works.

(Other definitions for noted that I've seen before include "Toned down and recorded" , "Famed" , "Recorded in writing" , "Scored" , "Scores like this" .)

I've seen this clue in The Sun.

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