- Marriage is an example of a cultural institution.
- A town council is an example of an institution of government.
- A place where those who are mentally ill go for treatment is an example of an institution.
- A school where people go to learn is an example of an educational institution.
- an instituting or being instituted; establishment
- an established law, custom, practice, system, etc.
- an organization, society, or corporation having a public purpose, as a school, church, bank, hospital, etc.
- the building housing such an organization; often, specif., such a place where persons are kept or confined, as a mental hospital, nursing home, prison, etc.
- a person or thing long established in a place
Origin of institutionMiddle English institucion from Old French from Classical Latin institutio
- The act of instituting: the institution of reforms.
- a. A custom, practice, relationship, or behavioral pattern of importance in the life of a community or society: the institutions of marriage and the family.b. Informal One long associated with a specified place, position, or function.
- a. An established organization or foundation, especially one dedicated to education, public service, or culture.b. A building or complex of buildings housing such an organization.c. A building or complex of buildings housing people who need special services, such as orphans or people with mental disabilities.
- An established organisation, especially one dedicated to education, public service, culture or the care of the destitute, poor etc.
- The building which houses such an organisation.
- A custom or practice of a society or community, marriage for example.
- (informal) A person long established with a certain place or position.
- The act of instituting.
From Old French institution, from Latin institutio, from instituere (“to set up”), from in (“in, on”) + statuere (“to set up, establish”).
institution - Investment & Finance Definition
A company holding assets for others. Institutions include banks, insurance companies, pension funds, and mutual funds. The term also is used in the trading context to talk about the companies that trade securities in very large volumes.