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

Related Videos




http://www.businessdictionary.com/definition/institution.html

Have a question about institution? Ask for help in the
Community
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z