noun
institution
in-stih-TOO-shuhn/ˌɪnstɪˈtuːʃn/
An established body with an enduring place in society.
The public library is an institution that serves generations of readers.
Etymology
The pieces express putting something in place or establishing it. The noun shifted from the action of founding to the thing founded, including an organization serving a charitable or public purpose.
In context
so first kind of as is so called financial intelligence unit so this is kind of the institution which receives so-called suspicious transaction reports
More examples
- Banks and other financial institutions provide loans to local businesses.
- The institution of marriage takes different forms across cultures.
- After fifty years, this family diner is a neighborhood institution.
Forms
institution · institutions
institutional adjective — Relating to an established organization or system.
Similar words
- organization
- Emphasizes an organized group, not necessarily its enduring social role.
- establishment
- Often names a business or facility rather than a social institution.