institution

  

Definitions (2)

1.Establishment, foundation, or organization created to pursue a particular type of endeavor, such as banking by a financial institution.
2.Consistent and organized pattern of behavior or activities (established by law or custom) that is self-regulating in accordance with generally accepted norms. For example, political institutions are involved with (and regulate) competition for power; and economic institutions (such as markets) encourage and regulate production and distribution of goods and services.

Use institution in a sentence

  • I enjoyed the experience of banking at my finical institution a lot more before it became such a conglomerate and was less personal.

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  • The bank institution was famous for having the most secure vault in the country many people from around the world came to deposit their money there.

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  • When deciding what college to attend it is important you pick the best higher learning institution that you can get into.

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