A Doctor of Veterinary Medicine (DVM) is a professional degree that qualifies individuals to practice veterinary medicine. While a DVM is not considered a doctorate degree in the traditional sense (such as a PhD), it is equivalent to a professional doctorate degree, similar to a Doctor of Pharmacy (PharmD) or Doctor of Dental Surgery (DDS). Therefore, a DVM is not equivalent to a Master's degree but rather a terminal degree in the field of veterinary medicine.
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